
UK stocks steady near lows as WH Smith plunges

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UK stocks remained near three-week lows despite a slight early rise, weighed down by global risks and upcoming US inflation data. WH Smith shares plunged 16.4% following a second profit forecast cut and equity raise plans amid Iran conflict disruptions. Additionally, banking sector weakness was evident as HSBC and Standard Chartered declined due to concerns over UK lenders' exposure to Asia amidst China's tighter capital controls.

