UK Stocks-UK Factors to watch on June 4

Reuters
04 Jun
UK Stocks-UK Factors to watch on June 4

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

* 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;))

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