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. Oil, tariffs and UK rate outlooks are lining up again, pushing in a tough direction for markets. Brent crude went back over $98 a barrel after news of more U.S.-Iran strikes. Patrick Munnelly at Tickmill Group said traders were “quick to price renewed escalation,” and said new U.S. tariff threats could add back a policy risk premium—extra return for unpredictable policy.