UK Stocks-Factors to watch on May 12

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 12 (Reuters) - Britain's FTSE 100 index is seen opening higher on Friday, with futures up 0.33%.
* HOME REIT: Home REIT said that it will not "proactively" pursue a sale at this time after potential suitor Bluestar Group decided not to bid for the British housing provider.
* SHELL: Shell has suspended production at its Prelude floating LNG facility off Western Australia due to a trip, a Shell spokeswoman said on Friday.
* GSK: British drugmaker GSK announced its intention to sell up to 240 million shares in Haleon , which represents 2.5% of the consumer healthcare group's issued share capital.
* OIL: Oil prices fell, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world's two largest oil consumers.
* GOLD: Gold prices ticked down as the dollar held firm, although persistent economic fears and the U.S. debt ceiling standoff cushioned bullion's further decline.
* The UK's FTSE 100 share index ended virtually flat on Thursday, although mining stocks fell as base metal prices slumped on China growth concerns.


* UK CORPORATE DIARY:


Beazley Trading statement Balfour Beatty Q1 Interim statement




* 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; Editing by Dhanya Ann Thoppil)

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