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UK Stocks-Factors to watch on May 29 (updated)

UPDATE 1-UK Stocks-Factors to watch on May 29

Adds news items, updates futures

- Britain's FTSE 100 .FTSE index is seen opening flat on Friday, with futures FFIc1 down 0.02%.

* OCADO GROUP: Online grocery technology firm Ocado Group OCDO.L said on Friday it has won a partnership with British supermarket group Asda to roll out its automation platform across Asda's stores and dark stores starting in 2027.

* BP: Ousted BP BP.L Chairman Albert Manifold met with activist shareholder Elliott Management during his tenure without telling fellow board members directly, two sources with knowledge of the matter told Reuters.

* BUSINESS SENTIMENT: British business sentiment edged up in May and is now close to its level before the Iran war, according to a monthly survey by Lloyds which contrasted with most other measures of business and consumer sentiment.

* EMPLOYMENT: Britain will create additional work experience and training placements for young people, the government said, a day after a review warned the country risked a "lost generation" locked out of work.

* OIL: Oil futures fell more than 1% and were on track for their steepest weekly decline since early April, following reports that the U.S. and Iran had agreed to extend a ceasefire, though it had yet to be finalised.

* METALS: Shanghai copper rose on Friday, on track for a second straight monthly rise, as hopes of a U.S.-Iran peace deal pushed oil prices and the dollar lower.

* GOLD: Gold edged higher as investors assessed reports of a U.S.-Iran ceasefire deal amid growing concerns around inflation and U.S. interest rate hikes.

* 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


(Compiled by Neeshita Beura, Roshni Srivastava in Bengaluru)

((Neeshita.Beura@thomsonreuters.com))

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