UK Stocks-Factors to watch on May 27 (updated)

Greencore

27/05/2026 07:47

Adds news items, updates futures

    May 27 (Reuters) - 
    Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.10%.
  

        
  

    * ASTRAZENECA: AstraZeneca AZN.L said the U.S. Food and Drug Administration has 
    extended
     its review deadline for its experimental breast cancer pill camizestrant to assess additional data.
  

    * PETS AT HOME: Pets at Home PETSP.L 
    reported
     a 30.2% drop in annual underlying pretax profit in line with market expectations, as weaker retail earnings and price cuts offset continued growth in its veterinary business.
  

    * ENERGY PRICE CAP: British energy regulator Ofgem said it would 
    raise
     the energy price cap by 13% from July to September, adding about £18 ($24.20) to monthly bills for households using both electricity and gas, as energy prices surge due to the Iran war.
  
* OIL: Oil prices pulled back from recent highs, erasing some of the previous day's 4% gain as traders sought clarity on complex negotiations between Iran and the U.S. after renewed hostilities set back efforts to reopen the Strait of Hormuz.
* METALS: London copper prices rose to a near two-week high as lower oil prices eased fears of inflation and slowing economic growth.
* GOLD: Gold prices edged lower as investors assessed ongoing tensions between the U.S. and Iran, and awaited comments from Federal Reserve officials for monetary policy clues.
     
     
* 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 and Roshni Srivastava in Bengaluru; Editing by Nivedita Bhattacharjee)
 ((Neeshita.Beura@thomsonreuters.com))