British shares opened in the red on Tuesday as tensions in the Middle East escalated, following Israel’s announcement of the killing of Iran’s armed forces chief of staff.
By 07:26 GMT, the FTSE 100 index had declined 0.7%, while the British pound slipped 0.2% against the US dollar, trading just above 1.35. European markets also felt the impact, with Germany’s DAX dropping 1.5% and France’s CAC 40 down 1.1%.
Corporate Updates:
- Ashtead Group PLC (LSE:AHT) forecasted rental revenue growth for the year to be between flat and 4%, citing ongoing weakness in the U.S. commercial construction sector as a headwind.
- Legal & General Group PLC (LSE:LGEN) confirmed its 2025 group core operating profit growth guidance of 6% to 9%, consistent with its longer-term targets extending through 2028.
- ASOS PLC (LSE:ASOS) announced the appointment of Aaron Izzard as its new Chief Financial Officer. Izzard, currently the company’s director of group finance, will succeed Dave Murray, who is stepping down on June 30 to pursue new opportunities.
- Morgan Sindall Group PLC (LSE:MGNS) raised its annual pre-tax profit outlook, attributing the boost to robust growth in its construction and fit-out businesses.
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