UK Stocks-Factors to watch on June 12
Updates futures and adds news items
June 12 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.56%.
* NATIONAL GRID: Britain's National Grid NG.L said the take-up for its rights issue announced last month stood at about 91% as the firm gears up to invest 60 billion pounds ($76.45 billion)in energy networks.
* LEGAL & GENERAL: British life insurer Legal & General LGEN.L said it would offer a 200 million pound share buyback and merge its investment units, as it looks to boost returns by moving towards less capital-intensive business.
* DFS FURNITURE: Britain's DFS Furniture DFSD.L expects lower annual profit, it said, hurt by subdued demand in the upholstery sector and delays to customer deliveries and higher freight costs due to Red Sea disruptions.
* SPECIAL OPPORTUNITIES REIT: A British property trust has pulled its London flotation after the owners said they failed to reach the 250 million pound minimum demand required, amid ongoing investor concern about strains in the UK commercial real estate market.
* ECONOMY: A swift rebound in Britain's economy in early 2024 came to a halt in April, driven by sharp declines in industrial and construction output in another challenging set of data for Prime Minister Rishi Sunak ahead of the July 4 election.
* OIL: Oil prices ticked higher amid upbeat global demand views from the U.S. Energy Information Administration and OPEC.
* GOLD: Gold prices were flat as investors awaited the U.S. Federal Reserve's policy announcement.
* METALS: Prices of most base metals rebounded slightly, supported by the outlook on rate cuts and a copper supply shortage.
* 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
($1 = 0.7848 pounds)
Reporting by Echha Jain in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
