UK Stocks May 27: FTSE 100 to Open Lower
UK Stocks May 27: FTSE 100 to Open Lower
Britain's FTSE 100 index is expected to open lower on Wednesday, with futures down 0.10%.
AstraZeneca's Cancer Drug Review Extended
AstraZeneca said the U.S. FDA has extended its review deadline for its experimental breast cancer pill camizestrant to assess additional data.
Pets at Home Profit Drops
Pets at Home reported a 30.2% drop in annual underlying pretax profit, in line with expectations, as weaker retail earnings and price cuts offset growth in its veterinary business.
Energy Price Cap to Rise
British energy regulator Ofgem will raise the energy price cap by 13% from July to September, adding about £18 ($24.20) to monthly bills for households using both electricity and gas.
Oil Prices Pull Back
Oil prices pulled back from recent highs, erasing some of the previous day's 4% gain, as traders sought clarity on complex U.S.-Iran negotiations.
Copper Prices Rise
London copper prices rose to a near two-week high as lower oil prices eased fears of inflation and slowing economic growth.
Gold Prices Edge Lower
Gold prices edged lower as investors assessed ongoing U.S.-Iran tensions and awaited comments from Federal Reserve officials for monetary policy clues.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
FTSE 100 futures are down 0.10%, indicating a lower open for the index.
AstraZeneca PLC
The FDA review extension causes a delay but does not change the likelihood of approval; impact is limited.
PetMed Express, Inc.
A 30% drop in annual profit and weak retail earnings directly negatively impact the company's financial performance.
UK 100 INDEX
FTSE 100 is expected to open lower; rising energy prices and geopolitical risks may negatively affect the index.
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