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UK Stocks-Factors to watch on May 28

ReutersMay 28, 2025 6:58 AM

- Britain's FTSE 100 .FTSE index is seen opening flat on Wednesday, with futures FFIc1 down 0.03%.

* PETS AT HOME: British retailer Pets At Home PETSP.L 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.L 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: Data platform GlobalData DATA.L extended the deadline to June 11 for private equity firm ICG ICGIN.L to make a firm takeover offer, while ending talks with KKR KKR.N after failing to reach an agreement on terms.

KINGFISHER: European home improvement retailer Kingfisher KGF.L 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: British American Tobacco BATS.L said on Tuesday it intends to sell a 2.3% stake in Indian consumer goods company ITC ITC.NS worth about $1.4 billion in a block trade deal.

UNILEVER: Unilever ULVR.L 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.N 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: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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