UK Stocks-Factors to watch on June 22

Synthomer

Mon 05:53

    June 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.07%.
* FRASERS: Australia's Accent Group AX1.AX said that an independent board committee comprising all but one of its directors recommended rejecting the A$390.8 million takeover offer from its top shareholder, Britain's Frasers Group FRAS.L.
* OCADO: Ocado Group OCDO.L is preparing to appoint a successor to chief executive Tim Steiner, Sky News reported.
* MINERALS: Britain will invest £50 million to boost domestic production of critical minerals, the government said, as it seeks to reduce reliance on concentrated global supply chains and strengthen economic resilience.
* OIL: Oil prices slid after U.S.-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets.
* METALS: Copper prices ticked up on the London Metal Exchange as the market digested a turbulent weekend of U.S.-Iran peace negotiations.
* GOLD: Gold rebounded from a more than one-week low, as oil prices fell after Iran cited progress in U.S.-Iran peace talks, though bets of higher interest rates after hawkish U.S. Federal Reserve signals limited the metal's gains.
* FTSE: UK shares fell on Friday as U.S.-Iran tensions and political uncertainty dampened risk appetite, sealing a weekly decline for both blue-chip and mid-cap indexes.
* UK CORPORATE DIARY:  
Babcock International Group 
BAB.L 
FY result
Synthomer
SYNTS.L
Trading update
     
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(Compiled by Neeshita Beura in Bengaluru)
((Neeshita.Beura@thomsonreuters.com))