Factors to watch on April 29

Hipgnosis Songs Fund

29/04/2024 06:00

April 29 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Monday, with futures  FFIc1  up 0.53%. 
   
    * ANGLO AMERICAN: BHP Group  BHP.AX  is considering making
an improved offer for Anglo American  AAL.L  after its $39
billion initial proposal was rejected by the London-listed
miner, a source familiar with the matter told Reuters.
    * HIPGNOSIS: Private equity giant Blackstone  BX.N  is
preparing to lodge an improved bid for Hipgnosis Songs Fund
 SONG.L , which owns the music rights of artists including
Shakira and Blondie, Sky News reported on Sunday. 
    * IAG: EU antitrust regulators on Friday warned that British
Airways owner IAG's  ICAG.L  bid to secure full control of Air
Europa may reduce competition and lead to price increases.
    * MOTOR INSURANCE: The cost of car insurance in the UK rose
1% in the first quarter, a survey showed, indicating an easing
in the rise of premium seen last year. 
    * OIL: Oil prices fell in early Asian trading erasing gains
from Friday as Israel-Hamas peace talks in Cairo eased fears of
a wider conflict in the Middle East and U.S. inflation data
further dimmed the prospects of interest rate cuts anytime soon.
    * METALS: Prices of copper opened the week higher driven by
dwindling raw material supply and investors' focus on a
potential BHP Group-Anglo American deal that would make the
world's largest copper miner.
    * FTSE: Britain's benchmark FTSE 100 scored its fourth
consecutive record high on Friday as strong earnings from U.S.
tech giants buoyed investor sentiment, while cybersecurity firm
Darktrace rallied following a buyout deal by private equity firm
Thoma Bravo.
    
    * UK CORPORATE DIARY:   
  Beazley      BEZG.L    Q1 trading update
        
  
    * For more on the factors affecting European stocks, please
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 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))