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UK Stocks-Factors to watch on June 6
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UK Stocks-Factors to watch on June 6
Jun 5, 2024 12:09 AM

June 5 - Britain's FTSE 100 index is seen

opening higher on Wednesday, with futures up 0.6%.

* B&M: British discount chain B&M said it was

confident on the outlook for profit growth in the year ahead

after reporting a 9.7% rise in its 2023/24 year that reflected a

similar rise in revenue which was boosted by 78 new store

openings.

* WH SMITH ( WHTPF ): British retailer WH Smith ( WHTPF ) on

reported a lower growth in revenue for the 13 weeks ended June

1, but added that it was well-positioned for the peak summer

trading period.

* JUPITER: Jupiter Fund Management ( JFHHF ) said Alex

Savvides will take over running its 1.6 billion pounds ($2.04

billion) UK Special Situations Fund on Oct. 7.

* NATIONAL INSTITUTE FOR HEALTH AND CARE EXCELLENCE:

Britain's medical costs regulator recommended Eli Lilly's ( LLY )

weight-loss drug Mounjaro for some patients with obesity

and suggested not placing a time limit on the medicine's use as

it had for rival Novo Nordisk's Wegovy.

* PANTHEON RESOURCES ( PTHRF ): Pantheon Resources ( PTHRF ) said it

had signed an agreement establishing the terms for future sales

of its natural gas to a unit of state-backed Alaska Gasline

Development Corporation.

* SMMT: New car registrations in Britain recorded their 22nd

consecutive month of growth in May, preliminary industry data

showed.

* OIL: Oil prices hovered near four-month lows in Asia as

markets digested an OPEC+ decision to boost supply later this

year and following an increase in U.S. crude and fuel stocks.

* GOLD: Gold prices rose helped by a weakness in the U.S.

dollar and Treasury yields.

* METALS: Copper prices in London rose slightly on

Wednesday.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

($1 = 0.7833 pounds)

(Reporting by Echha Jain in Bengaluru)

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