financetom
World
financetom
/
World
/
UK's FTSE 100 rises for a sixth straight quarter as Middle East optimism aids sentiment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK's FTSE 100 rises for a sixth straight quarter as Middle East optimism aids sentiment
Jun 30, 2026 9:32 AM

(Updates after market close)

June 30 (Reuters) - The UK's blue-chip FTSE 100 inched

higher on Tuesday, led by gains in defence and financial stocks,

notching gains for a sixth consecutive quarter as optimism

surrounding a ceasefire in the Middle East lifted sentiment.

The internationally focused FTSE 100 index rose

0.1%, while the midcap FTSE 250 was flat. The blue-chip

index gained in 11 of the last 12 months, with March being the

only exception, as global markets roiled after the U.S. and

Israel launched a war on Iran.

* The FTSE 250 posted its biggest quarterly rise in five

quarters but a monthly loss as politics took centre stage after

Keir Starmer resigned as prime minister.

* Banks added 0.8% and were up 20% for the

quarter. Lloyds and Natwest ( NWG ) gained 2.1% and

1.6%, respectively.

* Aerospace and defence stocks rose 2.1%

after Starmer unveiled an extra £15 billion ($20 billion) to

modernise Britain's depleted armed forces. Rolls-Royce,

BAE Systems, Melrose Industries and Babcock

were up between 2% and 3.3%.

* Industrial metal miners rose 1%, tracking

metal prices, while precious metal miners lost

1.5%.

* Economic data showed that Britain's economy grew 0.6% in

the first quarter, but households felt a squeeze before the

price pressures of the Middle East conflict.

* A Lloyds survey showed that UK businesses' confidence

about the economic outlook fell this month as cost pressures and

global uncertainty continued to hurt.

* The UK's biggest housebuilders are facing a potential

multi-billion-pound class action lawsuit over alleged

anti-competitive conduct, according to a consumer claim. The

home construction index lagged on the FTSE 100

with a 1.6% decline, while Persimmon, Barratt Redrow ( BTDPF )

and Taylor Wimpey fell between 1% and 3%.

* Among individual movers, supermarket group Sainsbury's ( JSNSF )

rose 1.3% after first-quarter results but said it

expects the Middle East conflict to add to food inflation.

* British holiday and insurance group Saga shares

gained 6.7% after first-half cruise bookings topped

expectations.

* The UK car lobby group warned electric vehicle makers will

have to pay £1.4 billion ($1.85 billion) in tariffs if there is

no solution on local content requirements with the European

Union. The automobiles index shed 2.3%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EMERGING MARKETS-LatAm assets little changed as investors cautious over Iran peace chances
EMERGING MARKETS-LatAm assets little changed as investors cautious over Iran peace chances
May 11, 2026
* Trump-Xi summit later this week in focus * Fertilizer price jump to affect low-income EM beyond this year * Mexico policymaker says Iran war risks contained right now * Ukraine bonds jump between 1-2 cents on the dollar on peace hopes (Updates with afternoon trading levels) By Purvi Agarwal, Johann M Cherian and Avinash P May 11 (Reuters) -...
CANADA STOCKS-TSX gains as commodity stocks rise, closes near three-week high
CANADA STOCKS-TSX gains as commodity stocks rise, closes near three-week high
May 11, 2026
* TSX up 0.18 % * Oil and gold prices rise * Barrick Mining ( B ) climbs after Q1 profit beat (Updates to close) May 11 (Reuters) - Canada's main stock index closed in the green and hit its highest level in nearly three weeks on Monday, supported by gains in oil and metal stocks as investors weighed the...
Trading Day: AI beats Iran impasse
Trading Day: AI beats Iran impasse
May 11, 2026
ORLANDO, Florida, May 11 (Reuters) - U.S. and world stocks touched new highs on Monday, as artificial intelligence fever continued to outweigh the prolonged U.S.-Iran impasse. The ceasefire is fragile and hopes of a lasting deal appear to be fading, but for now, tech-led earnings optimism is proving to be a powerful force. In my column today, I look at...
TRADING DAY-AI beats Iran impasse
TRADING DAY-AI beats Iran impasse
May 11, 2026
ORLANDO, Florida, May 11 (Reuters) - U.S. and world stocks touched new highs on Monday, as artificial intelligence fever continued to outweigh the prolonged U.S.-Iran impasse. The ceasefire is fragile and hopes of a lasting deal appear to be fading, but for now, tech-led earnings optimism is proving to be a powerful force. In my column today, I look at...
Copyright 2023-2026 - www.financetom.com All Rights Reserved