UK Stocks-Factors to watch on Nov 26
26/11/2025 04:58
(Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.17% * BP: BP BP.L said on Tuesday it had partially restarted the 400-mile Olympic Pipeline after crews identified the source of a leak of refined products east of Everett, Washington. * UK BUDGET: British finance minister Rachel Reeves is likely to announce tens of billions of pounds of new tax increases on Wednesday in a budget that puts her credibility on the line both with bond investors and with lawmakers demanding more welfare spending. *PERSHING SQUARE CAPITAL MANAGEMENT: Hedge fund manager Bill Ackman aims to raise $5 billion for a new U.S.-listed closed-end fund that will debut at the same time he plans to list his hedge fund firm, Pershing Square Capital Management, according to two people familiar with the matter. * EVOKE: British bookmaker Evoke EVOK.L has appointed bankers to assess options for the potential sale of its Italian online business if the government imposes steep tax increases in the upcoming budget, Sky News reported on Tuesday. * OIL: Oil prices recovered slightly on Wednesday, after dipping to one-month lows in the previous session amid signs that Ukraine is nearing a peace deal with Russia that would likely lead to the end of international sanctions on Russian supply. * COPPER : Copper rose on Wednesday as soft U.S. data boosted expectations of a December Federal Reserve interest rate cut, while a senior Chinese industry official flagged halted smelting projects and warned against ultra-low processing fees. * GOLD: Gold climbed a near two-week high on Wednesday, after new U.S. economic data bolstered expectations of an interest rate cut by the Federal Reserve in December and weighed on the dollar. * FTSE 100: UK stocks climbed on Tuesday, boosted by gains in financials and consumer staples stocks ahead of Wednesday’s budget that is expected to include significant tax measures. * UK CORPORATE DIARY:
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