UK Stocks-Factors to watch on May 16

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 16 (Reuters) - Britain's FTSE 100 index is seen opening flat on Tuesday, with futures down 0.04%.
* BARCLAYS: At least seven top Barclays Plc technology, media and telecom investment bankers have resigned to join UBS Group AG in the United States in the last few days, people familiar with the matter said.
* VODAFONE: Vodafone Group is looking to sell a stake of up to 49% in its Internet of Things arm at a valuation of about 1 billion pounds ($1.26 billion) for the unit, Sky News reported on Monday, citing people familiar with the matter.
* REGULATOR: Britain's antitrust regulator said it stood by its decision to block Microsoft's $69 billion Activision Blizzard takeover after the European Union approved the deal, saying the U.S. company's offer of licenses to rivals addressed its concerns.
* OIL: Oil prices rose for a second day on Tuesday, supported by U.S. plans to purchase oil for its Strategic Petroleum Reserve (SPR) and by raging wildfires in Canada that fuelled supply worries.
* GOLD: Gold prices eased in a narrow range on Tuesday as traders assessed comments from U.S. central bank officials on interest rates staying high, while the U.S. debt-ceiling debate and risk of a default curbed further losses in bullion.
* London stocks closed higher on Monday as British lenders extended the previous session's gains, while mining stocks rose as precious and base metal prices appreciated.


* UK CORPORATE DIARY:
Marston's Interim results Vodafone FY results Essentra Q1 trading update Land Securities FY results Britvic Interim results Imperial Brands Interim results Greggs Trading update



* 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)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.