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April 22 (Reuters) - London's benchmark index FTSE 100
was subdued on Wednesday as investors monitored the fragile
truce in the Middle East and assessedBritain's March inflation
data.
The blue-chip FTSE 100 index edged down 0.03% to
10,495.22 points by 1048 GMT, while the midcap FTSE 250
edged up 0.2%.
Lingering doubts over peace in the Middle East weighed on
sentiment, despite U.S. President Donald Trump extending the
ceasefire with Iran, with uncertainty persisting over whether
Iran or Israel would uphold the deal.
* Oil prices jumped on Wednesday, 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 2.1%, EasyJet ( EJTTF )
dipping 1.6% and Wizz Air ( WZZAF ) losing 1.3%,
respectively.
* Oil majors BP and Shell rose 1.9% and
0.8%, respectively.
* Miners Fresnillo, Rio Tinto, Glencore ( GLCNF )
and Anglo American gained more than 1%, 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 6.2%.
* Business supplies distributor Bunzl ( BZLFF ) gained 3%
after posting a rise in first-quarter revenue.
* Stocks of wealth-managing firms gained after Quilter
reported record first-quarter inflows: Quilter rose
4.9%, Liontrust Asset Management was up 0.7%, and
Aberdeen advanced 0.4%.