UK Stocks-Factors to watch on June 3 (updated)

Boohoo

03/06/2026 07:53

Adds new items, updates futures

    June 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.3%.

    * B&M: B&M BMEB.L 
    warned
     of upward cost pressures in the year ahead from the Middle East conflict, as it reported a 26% drop in annual profit on flat like-for-like UK sales and deep price cuts.
  

    * DEBENHAMS: Debenhams DEBS.L 
    said
     its gross merchandise value returned to growth in the first quarter and reaffirmed expectations for double-digit percentage growth in annual adjusted core profit.
  

    * CURRYS: Currys CURY.L 
    named
     the boss of its Nordics business, Fredrik Tønnesen, as its new group chief executive, succeeding Alex Baldock.
  
* BP: BP BP.L held advanced talks to sell its UK North Sea assets to Ithaca Energy ITH.L in a deal worth nearly £2 billion, the Financial Times reported citing people familiar with the matter.

    * CMA: Britain's competition regulator said it has 
    imposed
     new conduct requirements on Google's GOOGL.O search services.
  

    * OFGEM: Britain's energy regulator 
    said
     OVO Energy agreed to pay about £10.4 million in settlements after an investigation found failures in its processes between 2018 and 2024 could have put prepayment meter customers at risk.
  

    * OIL: Oil prices 
    rose
     for a third day and the dollar was on the brink of breaking the 160 yen barrier as fresh hostilities flared in the Gulf after U.S.-Iran peace talks stalled.
  
* METALS: Copper slipped as investors locked in profit after prices touched a two-week high, while uncertainty around a U.S. tariff on the metal limited losses.

    * GOLD: Gold 
    slipped
     as renewed hostilities in the Middle East pushed oil prices higher and stalled U.S.-Iran talks, while investors awaited upcoming U.S. economic data.
  
* For more on the factors affecting European stocks, please click on: LIVE/
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 (Compiled by Neeshita Beura in Bengaluru)
 ((Neeshita.Beura@thomsonreuters.com))