UK Stocks-Factors to watch on June 17 (updated)

AO World

Today 07:46

Adds news items, updates futures

    June 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.11%.


    * AO WORLD: British electronics retailer AO World AO.L logged record annual adjusted pretax 
    profit
     and proposed to return £20 million to shareholders, as its expanded product ranges and discounts boosted sales.
  

    * PZ CUSSONS: British consumer goods company PZ Cussons PZC.L forecast annual 
    profit
     at or slightly above the upper end of its forecast range on robust sales and stabilisation of the Nigerian naira.
  

    * INFLATION: British inflation unexpectedly held at 2.8% for May, 
    unchanged
     from the 13-month low reached in April, official figures showed a day before the Bank of England will announce its next interest rate decision.
  
* HSBC: HSBC HSBA.L announced a multi-year partnership with Alphabet Inc-owned Google Cloud GOOGL.O focused on building the British bank's artificial intelligence capabilities.
* OIL: Oil prices inched lower, extending the previous session's declines as investors assessed the U.S.-Iran peace deal, though uncertainty over the full resumption of shipping through the Strait of Hormuz limited further falls.
* METALS: Copper edged higher, supported by the U.S.-Iran peace deal, while expectations of a hawkish shift from the Federal Reserve capped gains.
* GOLD: Gold prices were steady, near a one-week high, as investors awaited further details on the U.S.-Iran agreement and the Federal Reserve's policy decision from Kevin Warsh's debut meeting as Chair.

     
* 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

 (Compiled by Neeshita Beura in Bengaluru)
 ((Neeshita.Beura@thomsonreuters.com))