UK Stocks-Factors to watch on May 10

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 10 - Britain's FTSE 100 index is seen opening higher on Wednesday, with futures up 0.13%.
* BP: BP expects to make a final investment decision in 2024 on a cluster of carbon capture projects in northern England, including a gas-fired power plant in Teesside, it said.
* MELROSE: British engineer Melrose Industries will reposition itself into a purely aerospace focused group, Sky News reported, citing sources.
* JD SPORTS: British sportswear retailer JD Sports Fashion is set to name BGL Group's Dominic Platt as its new chief financial officer this week, Sky News reported.
* STRIKES: British union Unite said that 1,200 contractors will resume a 48-hour strike until Friday in a dispute over jobs, pay, and conditions in the offshore sector.
* OIL: Oil prices slipped in early trade after industry data showed a surprise build in U.S. crude stocks, while investors awaited U.S. inflation data for April that could give direction for the Federal Reserve's next rate decision.
* GOLD: Gold prices eased into a tight range as traders braced for key U.S inflation data, which could impact the Federal Reserve's policy stance.
* METALS: Prices of copper rose, buoyed by a weaker dollar ahead of key U.S. inflation data, but gains were capped by expectations of subdued demand and rising supply.
* FTSE: UK's main stock indexes fell on Tuesday as investors were wary ahead of U.S. inflation data that could influence the Federal Reserve's interest rate policy, though British Airways-owner IAG closed at a two-month high after a bullish brokerage action.


* UK CORPORATE DIARY:


ASOS Interim Results Compass Group Interim Results J D Wetherspoon Trading statement Dignity Plc Trading statement Melrose Industries Trading statement




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

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