UK Stocks-Factors to watch on May 4

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 4 (Reuters) - Britain's FTSE 100 index is seen opening lower on Thursday, with futures down 0.2%.


* SMMT: British new car registrations rose for the ninth consecutive month in April, when it increased by more than 10% in April from a year earlier, according to preliminary industry data released by the Society of Motor Manufacturers and Traders (SMMT).
* VODAFONE: Vodafone and CK Hutchison are close to agreeing to a 15 billion pounds (about $19 billion) combination of their UK telecoms businesses that would create the country's biggest mobile operator, the Financial Times reported on Thursday.
* GSK: The U.S. Food and Drug Administration has approved GSK Plc's respiratory syncytial virus (RSV) vaccine, the British drugmaker said on Wednesday, making it the first shot to be cleared for protection against a common respiratory disease that can be fatal for older people.
* REGULATION: Britain is launching a review of the artificial intelligence market, including the models behind popular chatbots such as ChatGPT, Competition and Markets Authority (CMA) chief, Sarah Cardell, told Financial Times on Wednesday.
* OIL: Oil prices recovered slightly but were unable to claw back the more-than-9% decline in the previous three days as demand concerns in major consumers overrode signals that the U.S. may pause its interest rates increases.
* UK stocks steadied on Wednesday, a day after a sharp selloff, as investors keenly awaited the U.S. Federal Reserve's monetary policy decision, while Lloyds fell following the lender's quarterly results.


* UK CORPORATE DIARY:


Trainline FY results


Virgin Money HY results


Rio Tinto AGM


Hargreaves INTERIM MANAGEMENT STATEMENT


Rathbones INTERIM MANAGEMENT STATEMENT


BAE Systems Trading update Shell Q1 results Mondi Trading update Next Trading update Derwent Trading update Hiscox Q1 results


* 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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