UK Stocks-Factors to watch on May 23

First Citizens Bancshares (Tennessee)

23/05/2023 06:03

May 23 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening flat on Tuesday, with futures FFIc1 up 0.02%.
    
    * SHELL: Shell  SHEL.L  has cut crude oil imports at its
Singapore refinery this month and is relying on smaller tankers
after extending repairs at its single buoy mooring (SBM)
facility to June, according to government notices and shipping
data.
    * ANTOFAGASTA: The mine supervisor union for Chile's
Centinela mine, operated by mining company Antofagasta  ANTO.L ,
decided to extend negotiations to avoid a strike, the union
said.
    * STRIKES: Junior doctors in England plan to stage more
strikes in June, their union said, meaning more strain for the
state-run health service, NHS, after pay negotiations with the
government collapsed on Monday without a resolution.
    * HSBC: First Citizens BancShares Inc  FCNCA.O , which
acquired Silicon Valley Bank following its collapse, sued HSBC
Holdings PLC  HSBA.L  on Monday.
    * OIL: Oil prices continued to climb on Tuesday with
investors expecting a tighter market led by a seasonal rise in
gasoline demand and supply cuts from OPEC+ producers, though
concerns over the risk of a U.S. debt default capped gains.
    * GOLD: Gold prices were steady in early Asian trade on
Tuesday as investors focused on the long-drawn U.S. debt ceiling
talks after President Joe Biden and the top congressional
Republican struggled to strike a deal.
    * UK's FTSE 100 rose on Monday, lifted by financial stocks,
though lingering concerns over the U.S. debt ceiling impasse
kept sentiment fragile while Dechra Pharmaceuticals slumped
after issuing a profit warning. 
    
    * UK CORPORATE DIARY:   

        SSP           SSPG.L         HY results
    Topps Tiles       TPT.L          FY results
     Cranswick        CWK.L          FY results
       Shell          SHEL.L            AGM
 Restaurant Group     RTN.L             AGM
     RS Group        RS1R.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 Muhammed Husain in Bengaluru; Editing by Dhanya
Ann Thoppil)
 ((Muhammed.husain@thomsonreuters.com))