UK Stocks-UK Factors to watch on June 12

Reuters06-12
UK Stocks-UK Factors to watch on June 12

June 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.41%.

* RECKITT: Britain's Reckitt RKT.L is talking exclusively to private equity firm Advent International over a sale of the consumer goods group's Essential Home business, two sources with direct knowledge of the matter told Reuters.

* ASSOCIATED BRITISH FOODS: Associated British Foods ABF.L will hold off deciding the fate of its under threat Vivergo bioethanol plant in Hull, northern England, until June 25.

* BUDGET: British finance minister Rachel Reeves prioritised spending on health, defence and infrastructure projects to drive economic growth, in a bid on Wednesday to reboot the Labour government's offer of a brighter future to increasingly disillusioned voters.

* HOUSING: Britain's housing market lost more steam last month as demand faded from buyers after an increase in property transaction taxes in April and concerns mounted about global trade tensions, a survey showed on Thursday.

* DEFENCE: U.S. President Donald Trump's administration has launched a formal review of former President Joe Biden's AUKUS defence pact with Australia and Britain to allow Australia to acquire nuclear-powered submarines, a U.S. defence official said.

* COMMODITIES: Oil prices eased, gold prices rose, and London copper prices inched up on Thursday.

* EX-DIVS: Scottish Mortgage Investment Trust SMT.L, Intermediate Capital Group ICGIN.L, Land Securities Group LAND.L, and JD Sports Fashion JD.L will trade without entitlement to its latest dividend pay-out on Thursday.

* FTSE .FTSE: London stocks ended marginally higher on Wednesday.

* UK CORPORATE DIARY:

Tesco

TSCO.L

Q1 Trading update

Crest Nicholson

CRST.L

HY results

Halma

HLMA.L

FY results

* 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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