UK Stocks-UK Factors to watch on June 16

Reuters
Jun 16
UK Stocks-UK Factors to watch on June 16

June 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.1%.

* JLR: British luxury carmaker Jaguar Land Rover lowered its fiscal 2026 earnings before interest and taxes margins forecast to 5%-7% on Monday from 10% earlier, amid uncertainty in the global auto industry as U.S. tariffs loom.

* RIGHTMOVE: Asking prices for homes put up for sale in Britain have fallen by the most in 14 years for the time of year, Rightmove RMV.L said on Monday.

* SPECTRIS: Britain's Spectris SXS.L said on Friday it had rejected a second takeover proposal from private equity firm KKR KKR.N, days after the scientific instruments maker backed a possible competing $5 billion bid from Advent International.

* METRO BANK: UK's Metro Bank MTRO.L has been approached about a takeover bid backed by a private equity firm Pollen Street Capital, Sky News reported on Saturday.

* BT: BT Group BT.L Chief Executive Allison Kirkby said advances in artificial intelligence could deepen significant job cuts under way at the British telecoms company, the Financial Times reported on Sunday.

* OIL: Oil prices were volatile on Monday, after surging 7% on Friday.

* GOLD: Gold rose for a fourth straight session to a near two-month high on Monday.

* London's FTSE 100 .FTSE retreated on Friday after closing at a record high in the previous session.

* 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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