FTSE 100 set for weekly decline as Middle East ceasefire concerns grow

The UK's benchmark FTSE 100 index edged lower on Friday as renewed tensions in the Gulf unsettled global markets, while investors also assessed early local election results that showed heavy losses for Prime Minister ⁠Keir Starmer's Labour Party. The blue-chip FTSE 100 index fell 0.1% to 10,261.38 points by 0947 GMT and was on track for a third consecutive weekly decline.