Finance
UK's FTSE 100 joins global rally after reports Iran seeking truce with Israel
Published by Global Banking & Finance Review®
Posted on June 16, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 16, 2025
2 min readLast updated: January 23, 2026
FTSE 100 nears record high as Iran seeks truce with Israel, boosting global stocks. Entain and Metro Bank shares surge amid market optimism.
(Reuters) -London's benchmark FTSE 100 rose on Monday, coming within spitting distance of a record high, after global risk appetite was boosted by reports Iran was seeking a truce with Israel.
The blue-chip FTSE 100 closed up 0.3% at 8,875.22 points, and came within a couple of points of its intraday record high of 8,908.74 points on March 3.
The midcap FTSE 250 gained 0.5%.
Ladbrokes owner Entain jumped 15.3%, the stock's biggest percentage gain since September 2021, after its U.S. sports-betting joint venture, BetMGM, raised its annual revenue and core earnings forecast.
The travel and leisure subindex surged 3.3%.
U.S. stock indexes rebounded sharply as reports said Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region.
Oil prices surged over 7% on Friday and global stocks tumbled after Israel began bombing Iran, fuelling fears of a major disruption to energy infrastructure.
Focus this week will shift to monetary policy meetings of the Bank of England and the U.S. Federal Reserve, with both expected to keep interest rates on hold.
After the BoE eased rates in May, investors will look for hints on whether a slowing economy and weaker wage growth could speed up the pace of easing.
"The risks are skewed towards a more dovish voting split," Shaan Raithatha, senior economist in Vanguard's Investment Strategy Group said, expecting BoE policymakers Swati Dhingra and Alan Taylor to dissent and vote for a cut.
In London, Metro Bank Holdings hit a more than two-year high and led gains on the midcap index after a report of takeover approach from private equity firm Pollen Street Capital. Shares of the British lender were up 18.4%.
The precious metal miners' subindex fell the most among sectors, down 3%, tracking lower gold prices. [GOL/]
In the backdrop of geopolitical worries and global economic uncertainties, leaders from the Group of Seven nations begin annual talks on Monday in Canada. The summit is seen as a vital moment to try and restore a semblance of unity between democratic power houses.
(Reporting by Medha Singh and Sanchayaita Roy in Bengaluru; Editing by Leroy Leo and Chris Reese)
The FTSE 100 rose due to increased global risk appetite following reports that Iran was seeking a truce with Israel.
The midcap FTSE 250 gained 0.5%, reflecting positive market sentiment.
The focus will be on the Bank of England and U.S. Federal Reserve meetings, with expectations that both will keep interest rates on hold.
Oil prices surged over 7% after Israel began bombing Iran, raising fears of a major disruption to energy infrastructure.
The G7 summit is seen as a vital moment to address geopolitical worries and global economic uncertainties.
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