UK Stocks-Factors to watch on May 29
Updates futures and adds items
May 29 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.34%.
* PETS AT HOME: Britain's Pets At Home PETSP.L posted a lower annual profit, as inflationary pressures and lower purchasing power dented demand for discretionary accessories such as such as collars and bedding.
* IDS: Royal Mail's parent company International Distributions Services IDSI.L said it had agreed to a 3.57 billion pound formal takeover offer by Czech billionaire Daniel Kretinsky.
* ANGLO AMERICAN/BHP: BHP Group BHP.AX said it believes it needs more time to engage with takeover target Anglo American AAL.L, as it also proposed a range of socio-economic measures to alleviate Anglo's concerns regarding the deal structure.
* HOME REIT: Home REIT HOMEH.L tenant Big Help has given up its interest in properties, enabling the group to directly collect the underlying income from these properties, the housing provider for the homeless 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.
* 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 and Eva Mathews in Bengaluru
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