The UK stock market's benchmark index FTSE 100 drifted lower on Tuesday, weighed down by sharp losses in the healthcare sector and weakness in a couple of bank stocks.
The downside was limited thanks to hopes U.S. and Iran will strike a peace deal following Israel and Iran halting attacks on each other.
The FTSE 100 was down 25.98 points or 0.25% at 10,347.22 a little while ago.
GSK slid 2.7% after the drugmaker agreed to buy U.S.-listed Nuvalent for $10.6 billion.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.