UK Stocks-Factors to watch on July 5
July 5 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.2%.
* ELECTIONS: Keir Starmer will be Britain's next prime minister with his centre left Labour Party expected to win a huge majority in a parliamentary election, ending 14 years of often tumultuous Conservative government by trouncing Rishi Sunak's party.
* HSBC: HSBC HSBA.L is attracting initial interest from peers including BNP Paribas SA BNPP.PA and UBS Group AG UBSG.S, for the sale of its German wealth-management unit, Bloomberg News reported on Thursday citing people familiar with the matter.
* GLENCORE: The Canadian government has approved Glencore's GLEN.L $6.93 billion acquisition of miner Teck Resources' TECKb.TO steelmaking coal unit with strict conditions to preserve jobs, the country's industry minister said on Thursday.
* BP: Oil major BP BP.L said it is in the process of removing nonessential personnel from its Mad Dog platform in the Gulf of Mexico due to the approaching Hurricane Beryl.
* OIL: Oil prices were little changed in Asian trade but were on track for a fourth straight week of gains and holding near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns.
* GOLD: Gold prices edged up and were set for a second straight weekly gain, while traders awaited U.S. employment data to gauge the trajectory of the Federal Reserve's potential interest rate cuts.
* FTSE: London's FTSE 100 closed nearly 1% higher on Thursday, boosted by gains in medical equipment company Smith & Nephew, while parliamentary polls in the country were underway with the Labour Party looking set to win.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
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Reporting by Prerna Bedi in Bengaluru
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