UK Stocks-Factors to watch on May 3
May 3 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.2%.
* ANGLO AMERICAN: Commodities group Glencore GLEN.L is studying an approach for Anglo American AAL.L, two sources said, a development that could spark a bidding war for the 107-year old mining company.
* GSK: U.S. attorneys for a woman who claims her colon cancer was caused by the now discontinued heartburn drug Zantac told a jury in Chicago that pharmaceutical companies GSK and Boehringer Ingelheim knew the product could cause cancer if it was not handled properly but failed to warn the public.
* OIL: Oil prices edged up in early trade on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and limited crude supply disruptions caused by the Israel-Hamas war.
* METALS: Base metals prices gained on a softer dollar but most were on track for a weekly decline on risk-off sentiment as the Chinese markets are closed for a public holiday.
* FTSE: Britain's blue-chip share index rose on Thursday as shares of Shell and Standard Chartered jumped after strong results, while investors also took comfort from the Federal Reserve dismissing the possibility of more interest rate hikes.
* UK CORPORATE DIARY:
IHG | IHG.L | Q1 trading update |
Mondi | MNDI.L | Q1 trading update |
* 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 in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
