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FTSE 100 opens flat as Boohoo and B&M shares rise amid oil price climb and market uncertainty.

Market News
03 Jun 2026
Proactive Investors - Finance
View Source
Bullish
pluang ai news

The FTSE 100 opened flat with mixed sector performances; utilities and retailers gained while miners and banks fell. Boohoo shares surged 10.3% following a positive Q1 trading update signaling a successful turnaround. B&M shares rose 15% despite a 38% drop in annual profits, as EBITDA beat expectations and management showed signs of progress. Rising oil prices and geopolitical tensions between the US and Iran are causing market uncertainty, influencing bond yields and investor sentiment. Currys appointed Fredrik Tønnesen as CEO, aiming to build on recent profit recovery. US rate hike expectations and Bitcoin's sharp decline reflect broader market caution ahead.

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