UPDATE 1-UK Stocks-Factors to watch on May 15

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) May 15 (Reuters) - Britain's FTSE 100 index is seen opening higher on Monday, with futures up 0.38%.


* BAT: British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years.
* CURRYS: British electricals retailer Currys raised its profit outlook for 2022-23 after better-than-expected trading in its home market in the final two months of the year.



* JOHN WOOD GROUP: U.S. private equity firm Apollo Global on Monday said that it


does not intend to make a takeover offer for British oilfield services and engineering firm John Wood Group .


* SRAM & MRAM: India's SpiceJet Ltd said on Monday that UK-based SRAM & MRAM Group will invest $100 million in its cargo division SpiceXpress, sending shares of the budget airline up as much as 4.8%.
* BOE: British public sector employers plan the biggest pay increases in over a decade and private sector deals are set to remain high, potentially adding to worries at the Bank of England.
* GATWICK: Britain's Gatwick airport shut its runway for almost an hour on Sunday over a "suspected drone" incident, Sky News reported.
* OIL: Oil prices slipped on Monday as concerns about fuel demand in top global oil consumers United States and China offset bullish sentiment about tightening supplies from any OPEC+ cuts and a resumption in U.S. buying for reserves.
* Britain's FTSE 100 index closed higher on Friday, with healthcare and energy stocks leading as oil prices rebounded and drugmaker GSK jumped, while data showed the British economy grew slightly in the first quarter of the year.
* 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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