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London open: FTSE slumps as US-Iran peace hopes fade, amid UK political woes

By Michele Maatouk

Date: Tuesday 12 May 2026

(Sharecast News) - London stocks slumped in early trade on Tuesday as hopes of a peace deal between the US and Iran faded, and as UK prime minister Keir Starmer was set to hold a cabinet meeting among growing calls for him to quit.
At 0825 BST, the FTSE 100 was...

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