UK Stock Market Live: FTSE 100 Falls Again as Oil Tops $100 and Labour Losses Hit London Shares
The FTSE 100 fell 0.75% to 10,200.29 in Friday morning trade, extending losses as renewed U.S.-Iran clashes pushed Brent oil above $100 a barrel. Labour’s local election setbacks weighed on sterling and gilts, adding political risk to the market downturn. Airlines including IAG warned of lower profits due to rising fuel costs. European shares tracked lower, with the STOXX 600 down 0.8%.