FTSE 100 logs third weekly loss on geopolitical fears
The FTSE 100 fell 0.4% on Friday for its third weekly decline as Middle East clashes and local election results hurt sentiment. IAG fell after a profit warning.
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The United Kingdom FTSE 100 index fell 0.4% to 10,233.07 on Friday afternoon, marking its third consecutive weekly loss. Geopolitical instability in the Middle East and domestic political uncertainty drove the decline. Investors are reassessing UK risk premiums as regional conflict threatens energy costs and political shifts cloud the fiscal outlook.
