UK Stocks-Factors to watch on May 30 (updated)

Renewi

30/05/2024 07:35

(Updates futures; adds items)
       May 30 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Thursday, with futures  FFIc1  down 0.45%.
        
  
    * SHELL/EXXON: Shell  SHEL.L  and Exxon Mobil  XOM.N  are
nearing an agreement to sell their jointly-owned gas fields in
the southern North Sea to independent British producer Viaro
Energy, three industry and banking sources told Reuters. 
        * RENEWI: Waste management firm Renewi  RWI.L  plans to
sell its UK Municipal business to Biffa Ltd as it fully shifts
focus to recycling operations in line with last year's strategic
review, the company 
    said
    . 
  
        * DR MARTENS: Struggling British bootmaker Dr Martens'
 DOCS.L  new finance chief 
    announced
     a plan targeting cost savings of 20 million-25 million
pounds ($25.38 million-$31.72 million), amid growing pressure on
the company to shore up its finances. 
  
        * DE LA RUE: British banknote maker De La Rue  DLAR.L  
    said
     it was in talks with several parties that have made
proposals or expressed interest in either its authentication or
currency businesses, following a strategic review. 
  
    * ANGLO AMERICAN: Mining group BHP Group  BHP.AX  walked
away from its $49 billion plan to take over rival Anglo American
 AAL.L , which rejected a last-ditch request for more time,
ending for now its six-week pursuit.
    * M&S: Marks & Spencer  MKS.L  appointed Alison Dolan as its
chief financial officer, days after the British retailer smashed
profit forecasts and announced its first yearly dividend since
2019.
    * OIL: Oil prices mostly steady ahead of U.S stockpile data
amid downward pressure
    * GOLD: Gold prices drop as strong U.S. dollar, yields dim
bullion's shine
    * EX-DIVS: Marks & Spencer and Severn Trent  SVT.L  will
trade without entitlement to its latest dividend pay-out on
Thursday.
    
    * UK CORPORATE DIARY:   
    
 Auto Trader   AUTOA.L    FY Results
    Group               
  Dr Martens   DOCS.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 

($1 = 0.7880 pounds)

 (Reporting by Echha Jain and Eva Mathews in Bengaluru)
 ((Echha.jain@thomsonreuters.com))