UK Stocks-Factors to watch on June 26

Hipgnosis Songs Fund

26/06/2024 06:00

June 26 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Wednesday, with futures  FFIc1  up 0.2%. 
    
    * DELIVEROO: U.S. meal delivery group Doordash  DASH.O 
flagged an interest in a takeover of Britain's Deliveroo  ROO.L 
last month, two people familiar with the matter told Reuters.
    * HIPGNOSIS: Blackstone  BX.N  said its takeover offer for
Hipgnosis Songs Fund  SONG.L  proposed earlier this month would
be its final for the London-listed music rights owner.  
    * ASTON MARTIN: Aston Martin  AML.L  announced the debut of
its new limited edition sportscar Valiant and said deliveries
would start in the fourth quarter, as the British carmaker aims
to revive falling sales and become cash flow positive.
    * OIL: Oil prices inched up during Asian trade despite a
surprise jump in U.S. stockpiles, driven by geopolitical risks
from the Middle East conflict and forecasts of an eventual
inventory drawdown during the third quarter peak demand season.
    * METALS: Copper futures eased as a stronger dollar and weak
demand outlook in top consumer China weighed on the market.
    * FTSE: Britain's FTSE 100 closed lower as investors stayed
cautious ahead of economic data that could sway expectations on
the path of U.S. and UK interest rates, and Burberry's losses
weighed on the market.
    
    * UK CORPORATE DIARY:   
   Liontrust Asset Management     LIO.L     FY results
            AO World               AO.L     FY results
       Revolution Beauty          REVB.L    FY results
        
  
    * 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 

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))