FTSE 100 slips on oil drag, B&M jumps on talk of turnaround

London stocks edged lower Wednesday after oil prices rose again and Middle East tension returned. The FTSE 100 shed 21.94 points, or 0.21%, to 10,351.57. The FTSE 250 lost 0.19% to 23,334.29. Gains in B&M and Howden Joinery were not enough to hold the indexes up, according to LSEG delayed data.

3 June 2026

FTSE 100 · LSE:BME · LSE:HWDN · Oil Prices · Stock Market

#1 STRONG BUY

Kodiak Gas Services

NYSE:KGS • Energy infrastructure 88/100 • ★★★★☆

#2 STRONG BUY

Neurocrine Biosciences

NASDAQ:NBIX • Healthcare 87/100 • ★★★★☆

#3 STRONG BUY

Alphabet Class A

NASDAQ:GOOGL • Communication services 85/100 • ★★★★☆

#4 BUY ON WEAKNESS

Applied Materials

NASDAQ:AMAT • Semiconductor equipment 84/100 • ★★★★☆

#5 ACCUMULATE

JPMorgan Chase

NYSE:JPM • Financials 80/100 • ★★★★☆

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#1

Consumer Confidence • 10:00 ET

A large surprise can reset expectations for household spending and near-term growth, with read-through to Treasuries, USD and cyclical stocks.

#2

New Home Sales • 10:00 ET

Housing remains highly rate-sensitive; the print can move homebuilders, mortgage-sensitive names and the long end of the Treasury curve.

#3

Intuit earnings • After close

Guidance can influence software multiples and sentiment around U.S. small-business activity.

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