UK Stocks-Factors to watch on May 17

Redx Pharma

17/05/2023 06:37

May 17 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Wednesday, with futures  FFIc1  down 0.2%.

    * SHELL: Shell Plc  SHEL.L  will use AI-based technology
from big-data analytics firm SparkCognition in its deep sea
exploration and production to boost offshore oil output, the
companies said.
    * LSEG: An investor consortium including U.S. buyout firm
Blackstone  BX.N  and Thomson Reuters  TRI.TO , the publisher of
Reuters News, is looking to sell around $3 billion worth of
shares in the London Stock Exchange Group  LSEG.L .
    * REGULATOR: Millions of British borrowers repeatedly missed
payments on bills in the six months to January amid the steep
surge in the cost of living and higher interest rates, a survey
from the Financial Conduct Authority regulator showed on
Tuesday.
    * GOLD: Gold prices steadied below the $2,000-mark as
investors fretted over the outcome from the U.S. debt-limit
negotiations, with a firmer dollar keeping prices in check.
    * OIL:  Oil prices were little changed as traders remained
cautious after a surprise rise in U.S. crude inventories stoked
demand concerns on the heels of weaker-than-expected economic
data from the United States and China.
    * Britain's FTSE 100 erased earlier gains and closed lower 
on Tuesday, as losses in financial and energy stocks coupled
with weakness in China-exposed firms weighed, while Vodafone
Group shares tumbled after it forecast a big drop in fresh cash
flow.
    * UK CORPORATE DIARY:   
    JD Sports         JD.L            FY results
    Ninety One       N91.L            FY results
     Experian        EXPN.L           FY results
   British Land      BLND.L           FY results
       Sage           SGE          Interim results
       M&B           MAB.L         Interim results
   Redx Pharma       REDX.L        Interim results
    Watches of       WOSG.L         Trading update
   Switzerland                 
   Keller Group      KLR.L        Trading statement
        
  
    * 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))