UK Stocks-Factors to watch on June 12
June 12 -Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.38%.
* RENTOKIL INITIAL: Nelson Peltz's Trian Fund Management has amassed a significant stake in British pest-control firm Rentokil Initial RTO.L, Bloomberg News reported, citing people familiar with the matter.
* OIL: Oil prices ticked higher amid upbeat global demand views from the U.S. Energy Information Administration and OPEC, reinforced by industry data showing U.S. crude oil inventories fell more than expected last week.
* GOLD: Gold prices were flat as investors awaited the U.S. Federal Reserve's policy announcement for insights into how soon it will cut interest rates this year and the May inflation report due later in the day.
* METALS: Copper prices in London hit their lowest in seven weeks on Tuesday, pressured by a stronger dollar, rising inventories and weak indicators in top metals consumer China.
* London's FTSE 100 fell 1% on Tuesday, weighed down by financial stocks tracking broader losses in European markets as political uncertainty spooked investors and weakness in industrial miners further weighed on the market.
* UK CORPORATE DIARY:
Halma | HLMA.L | FY results |
Paypoint | PAYP.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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