UK Stocks-UK Factors to watch on June 4
04/06/2025 06:26
June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.05%. * TARIFFS: The United States on Tuesday announced it would skip doubling steel and aluminum tariffs for Britain. * DALATA HOTEL: Ireland's largest hotel group Dalata DHG.I on Tuesday rejected a 1.3 billion euro ($1.48 billion) buyout proposal from Scandinavian property companies Pandox AB PANDXb.ST and Eiendomsspar AS EISP.NFF for "materially" undervaluing it. * TESLA: Tesla's TSLA.O new car sales in Britain tumbled more than 45% from a year earlier in May, preliminary data from research group New AutoMotive showed on Wednesday. * TRANSPORT: British finance minister Rachel Reeves will on Wednesday commit 15.6 billion pounds ($21.1 billion) of funds for transport projects in cities outside London, dogged by years of under-investment and unfulfilled promises. * OIL: Oil prices slipped in Asian trade on Wednesday, weighed down by concerns of increasing OPEC+ output and tariff tension that threatens the global economic outlook, though worries about Canadian supply provided a floor. * GOLD: Gold prices climbed on Wednesday as uncertainty over U.S.-China trade relations and global economic concerns boosted safe-haven demand. * METALS: Prices of London copper ticked down on Wednesday as uncertainty over U.S. tariffs on the metal kept a lid on prices. * Britain's blue-chip stocks index ended slightly higher on Tuesday, as defence stocks climbed after the government pledged heavy defence spending and heavyweight energy stocks tracked crude oil prices higher. * UK CORPORATE DIARY:
| B&M European Value Retail SA | BMEB.L | FY results |
| WH Smith | SMWH.L | Q3 Trading Statement |
| Paragon Banking | PAGPA.L | HY results |
| Ninety One PLC | N91.L | FY results |
| discoverIE | DSCV.L | FY results |
| Foxtons | FOXT.L | Capital Markets Day |