April 22 (Reuters) - London's FTSE 100 closed slightly
lower on Wednesday, with industrials and heavyweight financials
weighing, while investors monitored the fragile Middle East
truce and assesseddomestic inflation data.
The blue-chip FTSE 100 index ended the session 0.2%
lower, while the midcap FTSE 250 was flat.
Iran tightened its grip over the Strait of Hormuz after U.S.
President Donald Trump extended the ceasefire with Iran but
uncertainty persisted over whether the deal will hold.
* Oil prices moved higher, with Brent crude rising above
$100 a barrel, following reports that at least three container
ships were hit by gunfire in the Strait of Hormuz.
* The rise in crude prices weighed on airline stocks
with British Airways owner IAG down 3.4%, EasyJet ( EJTTF )
dipping 2.8% and Wizz Air ( WZZAF ) losing 1.6%,
respectively.
* Oil majors BP and Shell rose 1.6% and
0.7%, respectively.
* Miners Fresnillo, Rio Tinto, Glencore ( GLCNF )
and Anglo American gained between 2% and 3%, tracking a
rise in prices of precious and base metals.
* Official data showed British consumer price inflation rose
to 3.3% in March from 3% in February, underscoring the Iran
war's impact on price levels.
* "The CPI figures confirm that the supply chain and energy
pressures are beginning to bite, and the Bank of England's room
for manoeuvre is narrowing fast," said Nick Saunders, CEO of
Webull UK, in a note.
* Reckitt, which makes Dettol soap and Durex
condoms, missed quarterly like-for-like revenue estimates,
pushing shares down 4.6%.
* Business supplies distributor Bunzl ( BZLFF ) gained
2.1% after posting a rise in first-quarter revenue. JD Sports
lost about 4% after chairman Andrew Higginson planned an
exit.
* Quilter rose 5.1% after the money manager
reported record first-quarter inflows of 3.1 billion pounds
($4.2 billion).