UK Stocks-Factors to watch on May 13 (updated)
13/05/2024 07:38
(Updates futures and adds items)
May 13 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Monday, with futures FFIc1 down 0.12%.
* PHOENIX GROUP: British insurer Phoenix Group's PHNX.L
Rakesh Thakrar will step down as the group's chief financial
officer this year.
* SHEIN: Fast-fashion giant Shein is stepping up
preparations for a London listing after its attempt to float
itself in New York faced regulatory hurdles and pushback from
U.S. lawmakers, two people with knowledge of the matter said.
* ASTRAZENECA: Leading healthcare companies Pfizer PFE.N
and AstraZeneca AZN.L announced new investments in France
worth a total of nearly $1 billion, ahead of the start of this
year's annual 'Choose France' business summit.
* ENTAIN: Henry Birch, the former chief executive of Rank
Group RNK.L , is among the contenders to become the head of
British gambling group Entain ENT.L , Sky News reported on
Saturday, citing unidentified sources.
* PAY: British employers expect to raise wages by 4% over
the coming 12 months, a similar rate to three months ago,
according to an industry survey on Monday that suggested
businesses were less willing to take on higher labour costs.
* OIL: Oil prices extended declines amid signs of weak fuel
demand and as comments from U.S. Federal Reserve officials
dampened hopes of interest rate cuts, which could slow growth
and crimp fuel demand in the world's biggest economy.
* METALS: Prices of most base metals opened lower after
lacklustre economic data from China, the world's top metal
consumer, over the weekend dampened investor sentiment.
* UK CORPORATE DIARY:
Diploma DPLM.L HY 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 Prerna Bedi and Eva Mathews in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))