General · 28 May 2026
FTSE 100 Ends Eight-Day Rise Over Iran
Investors faced weaker UK share prices as fighting between Washington and Tehran hurt hopes for shipping through the Strait of Hormuz. Thursday saw the FTSE 100 in the UK decline by approximately 0.86%, reaching around 10,414.91 points, thereby interrupting its recent upward trend, while the performance of the FTSE 250 was also negative. BT dropped between 2.5% and 4.5%, while PPHE Hotel Group jumped approximately 25% after receiving a £920.9 million takeover approach from Fattal Hotel Group.
Reported by Reuters · How we write briefs