FTSE 100 Slides 0.4% on PMI, Tensions

British stocks fell as FTSE 100 dropped 0.4% amid weak euro‑zone PMI data and escalating Middle East tensions.
UK flash composite PMI rose to 52 in April, driven by manufacturing at 53.6, but input costs surged, raising inflation concerns.
LSEG expects full‑year revenue growth at the upper end of its 6.5‑7.5% range after Q1 income rose 9.8%;
Sainsbury’s sees 2026/27 operating profit £975m‑£1.08bn; WH Smith cut profit forecast to £90‑£105m and suspended dividend; ASOS seeks £7m US tariff refunds.