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UK Stocks-Factors to watch on May 28
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UK Stocks-Factors to watch on May 28
May 28, 2025 12:19 AM

May 28 (Reuters) - Britain's FTSE 100 index is

seen opening flat on Wednesday, with futures down 0.03%.

* PETS AT HOME: British retailer Pets At Home

reported annual underlying pretax profit in line with its

expectations, as elevated costs and weak demand for pet

accessories continue to weigh down growth.

* RENTOKIL: British pest control company Rentokil

Initial ( RTO ) said it would sell its workwear, flat linen and

clean room business in France to H.I.G. Capital in a deal that

values the business at about 410 million euros ($463.8 million).

* GLOBALDATA ( GLDAF ): Data platform GlobalData ( GLDAF ) extended

the deadline to June 11 for private equity firm ICG

to make a firm takeover offer, while ending talks with KKR

after failing to reach an agreement on terms.

* KINGFISHER: European home improvement retailer

Kingfisher reported a 1.8% rise in first quarter same

store sales, with a strong performance in Britain, helped by

favourable weather, partially offset by continued weakness in

France.

* BRITISH AMERICAN TOBACCO ( BTI ): British American Tobacco ( BTI )

said on Tuesday it intends to sell a 2.3% stake in

Indian consumer goods company ITC worth about $1.4

billion in a block trade deal.

* UNILEVER ( UL ): Unilever ( UL ) has agreed to guarantee its

ice cream workers' employment terms in Europe and Britain for at

least three years after the business' spin-off, according to a

memo, tripling the usual period in such deals.

* OIL: Oil prices inched up as the U.S. barred Chevron ( CVX )

from exporting crude from Venezuela under a new asset

authorisation, though expectations of more output from OPEC+

continued to limit gains.

* GOLD: Gold steadied on Wednesday

* METALS: Copper prices in London were stable.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Ankita Bora in Bengaluru)

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