UK Stocks-UK Factors to watch on June 4 (updated)
04/06/2025 07:50
Updates with company news and futures prices June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.03%. * B&M: Discount retailer B&M BMEB.L reported annual sales of 5.6 billion pounds ($7.57 billion) on Wednesday, falling short of expectations, as waning consumer demand and persistent inflation hampered its UK operations. * S4 CAPITAL: Martin Sorrell's ad group S4 Capital SFOR.L said on Wednesday it expects annual like-for-like net revenue to decline by low single digits, as tech clients remain cautious amid a weaker global economy and U.S. tariffs. * TARIFFS: The United States on Tuesday announced it would skip doubling steel and aluminum tariffs for Britain. * RECKITT: Britain's Reckitt RKT.L is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with knowledge of the process said. * 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. * 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. * OIL: Oil prices slipped in Asian trade on Wednesday, weighed down by concerns of increasing OPEC+ output and tariff tension, though worries about Canadian supply provided a floor. * GOLD: Gold prices steadied on Wednesday as a somewhat strong U.S. jobs data for April offset the lingering uncertainty over U.S.-China trade relations and global economic concerns. * METALS: Prices of London copper ticked down on Wednesday. * 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 Nithyashree R B in Bengaluru) ((NithyashreeRB@thomsonreuters.com;))