May 21 (Reuters) - Britain's blue-chip stock index ended
flat on Thursday, as risk sentiment remained shaky following
downbeat domestic data and persisting worries that the Middle
East conflict could remain deadlocked.
The FTSE 100 closed 0.1% higher at 10,443.47 points,
while the midcap FTSE 250 gained 0.5%.
* Iran's supreme leader has issued a directive that the
country's near-weapons-grade uranium should not be sent abroad,
Reuters reported, hardening Tehran's stance on one of the main
U.S. demands at peace talks.
* The prolonged conflict has already pushed up oil prices
and intensified concerns about inflation.
* Separately, a survey on Thursday showed that British
companies were suffering the most widespread drop in activity in
more than a year, due to the economic fallout from the war and
political uncertainty at home.
* "These figures... lend some tentative support to other
evidence that suggests the conditions for a long period of high
inflation are not in place," said Paul Dales, chief UK economist
at Capital Economics.
* Earlier this week, data showed that inflation in April was
softer than expected, while the unemployment rate ticked up.
* Meanwhile, factory orders in May contracted at the fastest
rate since September 2020, according to the Confederation of
British Industry.
* Utilities were among the best-performing
sectors on the day, followed by industrial metal miners
and retailers
* Shares of automotive marketplace Autotrader
slipped 8.8% after the company reported slower sales, and were
the biggest laggard on the FTSE 100.
* Medical equipment and services shares fell
1.6%, dragged down by a near 5% drop in medical equipment maker
Convatec ( CNVVF ), which flagged margin pressure.