UK Stocks-Factors to watch on June 1

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on June 1

June 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen 6 points lower,
or down 0.1 percent on Wednesday, according to financial bookmakers. For more on
the factors affecting European stocks, please click on The UK blue chip index closed down 0.6 percent on Tuesday at 6,230.79,
breaking a three-month streak of gains after the results of a telephone poll
showed British voters were favouring a vote to leave the European Union in a
June 23 referendum.
* SABMiller: World's largest brewer Anheuser-Busch InBev ABI.BR gained
conditional approval on Tuesday for its $100 billion-plus acquisition of
SABMiller SAB.L from South African anti-trust regulators, bringing the deal
closer to fruition.
* HSBC: HSBC HSBA.L has begun cutting senior posts in its investment
banking division in a cull that could lead to dozens of staff worldwide losing
their jobs, according to sources with direct knowledge of the cuts.
* OLD MUTUAL: Anglo-South African financial services firm Old Mutual OML.L
on Tuesday proposed a maximum pay-out for chief executive Bruce Hemphill of
1,000 percent of his 2016 base salary in the firm's managed separation incentive
* COPPER: London copper fell on Wednesday, taking a hit from a strong dollar
after U.S. consumer spending blew past expectations and raised prospects of an
interest rate rise soon, and a mixed outlook for China's manufacturing growth in
* OIL: Oil prices fell early on Wednesday as production from the major
Middle East exporters was expected to remain high or even increase just as
concerns over the state of China's economy weighed on its fuel demand outlook.

* BREXIT: The heads of some of Britain's biggest manufacturers warned that
leaving the European Union would trigger widescale job losses and a business
survey showed the weakest economic outlook in over three years due to
uncertainty over the referendum. UK CORPORATE DIARY:

Telford Homes PLC TELF.L Full Year
Halfords Group PLC HFD.L Full Year
Londonmetric Property PLC LMPL.L Full Year
Fusionex International PLC FXIF.L Half Year
Wolseley PLC WOS.L Q3

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