UPDATE 1-UK Stocks-Factors to watch on June 3
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June 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.3%.
* B&M: B&M BMEB.L warned of upward cost pressures in the year ahead from the Middle East conflict, as it reported a 26% drop in annual profit on flat like-for-like UK sales and deep price cuts.
* DEBENHAMS: Debenhams DEBS.L said its gross merchandise value returned to growth in the first quarter and reaffirmed expectations for double-digit percentage growth in annual adjusted core profit.
* CURRYS: Currys CURY.L named the boss of its Nordics business, Fredrik Tønnesen, as its new group chief executive, succeeding Alex Baldock.
* BP: BP BP.L held advanced talks to sell its UK North Sea assets to Ithaca Energy ITH.L in a deal worth nearly £2 billion, the Financial Times reported citing people familiar with the matter.
* CMA: Britain's competition regulator said it has imposed new conduct requirements on Google's GOOGL.O search services.
* OFGEM: Britain's energy regulator said OVO Energy agreed to pay about £10.4 million in settlements after an investigation found failures in its processes between 2018 and 2024 could have put prepayment meter customers at risk.
* OIL: Oil prices rose for a third day and the dollar was on the brink of breaking the 160 yen barrier as fresh hostilities flared in the Gulf after U.S.-Iran peace talks stalled.
* METALS: Copper slipped as investors locked in profit after prices touched a two-week high, while uncertainty around a U.S. tariff on the metal limited losses.
* GOLD: Gold slipped as renewed hostilities in the Middle East pushed oil prices higher and stalled U.S.-Iran talks, while investors awaited upcoming U.S. economic data.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
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