FTSE 100 Edges Down Slightly

2026-05-12 15:54 By Agna Gabriel 1 min. read

The FTSE 100 slipped 0.2% on Tuesday, with banks weighing on the index, though it still outperformed broader European markets.

Sentiment was hit by growing doubts over the stability of the US-Iran ceasefire and rising political uncertainty in the UK.

Prime Minister Keir Starmer has stated he will remain in office despite calls from over 70 Labour MPs for his resignation following the party’s poor local election results.

Banking stocks led declines, with HSBC, Lloyds, Barclays, NatWest and Standard Chartered all falling between 1% and 4%.

Vodafone dropped more than 7% despite beating earnings expectations and returning to growth in Germany.

Limiting losses, oil majors Shell and BP rose as crude prices remained elevated amid ongoing Middle East tensions.



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