UK Stocks-Factors to watch on June 5
UK Stocks-Factors to watch on June 5 June 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat on Friday, with futures FFIc1 up 0.02%.
* BP: Pakistan LNG Limited (PLL) has awarded a tender to BP Singapore, a unit of BP BP.L, for a spot liquefied natural gas cargo for delivery between June 6 and June 7, a source with knowledge of the matter said late on Thursday.
* PERSHING SQUARE: Universal Music Group UMG.AS said on Thursday it has repurchased some of the shares sold by Bill Ackman's Pershing Square PSHP.L after the billionaire investor's takeover proposal for the music company was rejected.
* OIL: Oil prices rose on Friday, paring sharp losses from the previous session, after Hezbollah rejected a new Lebanon ceasefire proposal and Oman's Mina al Fahal terminal suspended oil loadings following an explosion.
* GOLD: Gold prices fell on Friday, and were poised for a weekly loss, as tensions in the Middle East dampened hopes for a U.S.-Iran peace deal.
* METALS: Copper looked set to end the week higher despite a drop on Friday, as tightening supplies and bullish sentiment helped offset wider macroeconomic concerns tied to the Iran war and inflation.
* FTSE: Britain's FTSE 100 edged higher on Thursday, as gains in software and IT stocks offset a slide in Asia-exposed financial companies after a report that China was tightening offshore account rules.
* 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 Roshni Srivastava in Bengaluru)