FTSE 100 Drops 1.4% Amid Iran-UAE Strikes

FTSE 100 fell 1.4% as Iranian missile and drone attacks on UAE raised oil prices and heightened geopolitical tension.
HSBC reported Q1 pretax profit of $9.4bn, missing estimates after a $400m UK fraud loss, causing its shares to drop 6.16%.
Vodafone will buy CK Hutchison’s 49% stake in VodafoneThree for £4.3bn, taking full control; shares fell 1.41%.
British car registrations forecast near 2.1 million in 2026; April sales rose 24% YoY to 149,247 units, Tesla UK up 62% to 831.