FTSE 100 Falls 0.2% on PMI, Tensions

FTSE 100 slipped 0.2% as euro‑zone composite PMI fell to 48.6, signaling contraction and rising inflation pressures.
UK flash PMI rose to 52 in April, driven by manufacturing at 53.6, but business confidence hit its second‑lowest since 2022.
LSEG expects full‑year revenue growth at the upper end of its 6.5‑7.5% guide after Q1 income rose 9.8%, beating forecasts.
Sainsbury’s sees 2026/27 operating profit £975‑£1.08bn; WH Smith cut profit forecast to £90‑£105m and halted dividend; ASOS seeks £7m US tariff refunds.