FTSE 100 Falls on Monday

2026-06-01 15:54 By Agna Gabriel 1 min. read

The FTSE 100 fell more than 0.5% on Monday as reports that Iran would halt talks with the US undermined hopes for an extension of the ceasefire and highlighted growing tensions following Israel’s expanded operations in Lebanon.

Defence stocks led the declines, with BAE Systems down 5%, Babcock losing 4.5% and Rolls Royce falling 5.5%.

Major banking and pharmaceutical shares also came under pressure, weighing on the index.

In contrast, oil majors Shell and BP gained 2.7% and 3.1% respectively as crude prices advanced.

EasyJet surged more than 7.5% after responding to reports of takeover interest from Castlelake, stating it had not received any approach or proposal.

Entain added over 5% following a report that a takeover bid may be in preparation for its US joint venture partner.

On the data front, Nationwide reported that UK house prices fell 0.6% in May, marking the largest monthly decline since June 2025 and exceeding economists’ expectations.



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