UK Stocks-Factors to watch on May 2
02/05/2024 05:51
May 2 - Britain's FTSE 100 .FTSE index is seen opening
higher on Thursday, with futures FFIc1 up 0.4%.
* STANDARD CHARTERED: Standard Chartered STAN.L posted a
5.5% rise in its first-quarter pretax profit, beating estimates,
as higher interest rates bolstered earnings at the emerging
markets-focused lender.
* LSEG: London Stock Exchange Group LSEG.L said it has
agreed to purchase shares worth 500 million pounds ($624
million) from a consortium of investors that sold data and
analytics firm Refinitiv to the bourse operator.
* SHELL: Investor proxy advisory Glass Lewis recommended
Shell SHEL.L shareholders vote against a resolution filed by a
group of 27 investors urging the energy company to set tighter
climate targets.
* HSBC: HSBC Holdings 0005.HK said it had kept its best
lending rate in Hong Kong at 5.875%, after the city's de facto
central bank kept unchanged the base rate charged through its
overnight discount window.
* OIL: Oil prices rose, rebounding from three days of
losses, on expectations the lower levels may prompt the U.S.,
the world's biggest crude consumer, to start replenishing its
strategic reserve, putting a floor under prices.
* METALS: Prices of nonferrous metals in London rose as a
softer dollar made greenback-priced metals cheaper to holders of
other currencies.
* EX-DIVS: Relx REL.L and Glencore GLEN.L will trade
without entitlement to their latest dividend pay-outs on
Thursday.
* FTSE: Britain's FTSE 100 slipped on Wednesday, led by
declines in energy stocks, while investors grew cautious ahead
of the U.S. Federal Reserve's policy decision later in the day,
hoping for hints on its interest rate path.
* UK CORPORATE DIARY:
Shell SHEL.L Q1 results
Hiscox HSX.L Q1 trading update
Smurfit Kappa SKG.I Q1 trading update
Smiths News SNWS.L HY results
Lancashire Holdings LRE.L Q1 trading update
Endeavour Mining EDV.L Q1 results
* For more on the factors affecting European stocks, please
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TODAY'S UK PAPERS
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(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))