UK Stocks-Factors to watch on June 12 (updated)

McBride

Today 07:35

Adds news items, updates futures

    June 12 (Reuters) - 
    Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.7%.
  

    * FLUTTER ENTERTAINMENT: Flutter Entertainment FLTRF.L said it would 
    delist
     from the London Stock Exchange in August, while retaining its listing on the New York Stock Exchange, dealing a fresh blow to the British city's financial markets.
  

    * MCBRIDE: McBride MCB.L 
    warned
     that annual profit for fiscal years 2026 and 2027 would come in 5% to 10% below market views, as sustained price increases due to the Iran war squeeze margins.
  
* SHELL: Venezuela signed five agreements with Shell SHEL.L to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said.
* HEALTH: Britain's medicine regulator approved Novo Nordisk's NOVOb.CO weight-loss pill, making the UK the first market in Europe where patients can access the oral treatment and boosting the Danish drugmaker as it battles U.S. rival Eli Lilly LLY.N.
* ECONOMY: Britain's economy contracted by 0.1% in April, its first monthly drop since August as the Iran war's cancellation of Formula 1 Grand Prix races and other Gulf sporting events delivered a heavy blow to the British entertainments industry.
* OIL: Oil prices fell over $1, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.
* METALS: Copper firmed amid easing oil prices and a wave of optimism that a peace deal between the U.S. and Iran to end the war may be within reach.

    * GOLD: Gold prices 
    fell
     on Friday and were on track for a weekly loss, pressured by concerns around inflation and potential U.S. Federal Reserve interest rate hikes.
  
     
* 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, Roshni Srivastava in Bengaluru)
 ((Neeshita.Beura@thomsonreuters.com))