UK Stocks-Factors to watch on May 3

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 3 (Reuters) - Britain's FTSE 100 index is seen opening higher on Wednesday, with futures up 0.3%.


* CINEWORLD: Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion as part of its exit from bankruptcy, after reaching a settlement with a minority faction of lenders that had opposed parts of the exit financing.
* LSE: Britain's stock market rules could be radically simplified as part of efforts to lure major company listings to London, under detailed plans unveiled by the country's financial watchdog on Tuesday.
* SUPERDRY: Struggling British fashion brand Superdry said on Tuesday that it planned to raise about 12 million pounds ($14.97 million) through the sale of about 19.1% of its equity.
* OIL: Oil prices were flat on Wednesday after hitting five-week lows in the previous session, as investors priced in expectations for interest rate hikes in the U.S. and Europe and waited for clarity on future policy path.
* GOLD: Gold prices held steady above the key $2,000 level on Wednesday, while investors turned their attention to the U.S. Federal Reserve's interest rate decision due later in the day.
* London's FTSE 100 reversed early gains to end Tuesday lower as a slump in energy firms outweighed strong earnings from Europe's biggest lender, HSBC, in the first quarter.


* UK CORPORATE DIARY:


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* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Muhammed Husain in Bengaluru)

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