UK Stocks-Factors to watch on May 29
Corrects to remove JD Sports FY results in UK Corporate Diary section
May 29 -Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.3%
* IDS: Royal Mail's parent company, International Distributions Services IDSI.L (IDS), is set to recommend a firm offer by Czech billionaire Daniel Kretinsky, a person with knowledge of the situation said.
* ANGLO AMERICAN: BHP BHP.AX was struggling to find common ground with Anglo American AAL.L in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a binding offer, five sources said.
* OIL: Oil prices rose in Asian trading on expectations major producers will maintain output cuts at a meeting this Sunday, and that fuel consumption should begin rising with the start of the peak summer demand season.
* GOLD: Gold prices edged lower as the U.S. dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal Reserve's interest rate trajectory.
* METALS: Copper prices climbed on expectations of better demand from top consumer China, while a steady U.S. dollar and rising inventories limited gains.
* Britain's FTSE 100 extended declines on Tuesday, as uncertainty over interest rate cuts in the U.S. and the domestic political landscape weighed on sentiment, while markets awaited Bank of England Governor Andrew Bailey's comments later in the week.
* UK CORPORATE DIARY:
Pets At Home | PETSP.L | FY Results |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
Reporting by Echha Jain in Bengaluru
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