UK Stocks-Factors to watch on June 13
June 13 -Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.33%.
* HOUSING MARKET: Britain's housing market lost momentum in May as the prospect of imminent rate cuts by the Bank of England faded, spurring a drop in buyer demand and house prices, a survey showed.
* BT: Mexican magnate Carlos Slim has taken a 3.16% stake in BT BT.L, Britain's biggest broadband and mobile operator, according to a stock market filing, in a boost to the company's new chief executive Allison Kirkby.
* LEGAL & GENERAL: Patron Capital Partners is one of the bidders for Legal & General's LGEN.L housebuilder CALA, in a deal expected to raise around one billion pounds ($1.28 billion), a source familiar with the matter said.
* BP: BP's BP.L head of refining and oil products trading, Sven Boss-Walker, has left the company with immediate effect to take up another job, a BP spokesperson said.
* OIL: Oil slips on U.S. growth worries, ample crude supply
* GOLD: Gold slips as Fed signals only one rate cut this year
* METALS: Copper prices bounced on Wednesday after cooler-than-expected U.S. inflation data boosted expectations that the Fed could cut interest rates as soon as September.
* EX-DIVS: JD Sports JD.L and Land Securities LAND.L will trade without entitlement to its latest dividend pay-out on Thursday.
* London stocks rebounded on Wednesday on revived hopes of interest rate cuts in the near future after data showed cooling inflation in the U.S. and a slowing economy in Britain, while Rentokil Initial further added to the gains.
* UK CORPORATE DIARY:
Halma | HLMA.L | FY results |
Fuller Smith & Turner | FTAS.L | FY results |
Crest Nicholson | CRST.L | HY results |
Virgin Money | VMUK.L | HY 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
($1 = 0.7825 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.
