May 18, 2018 / 5:33 AM / a month ago

UK Stocks-Factors to watch on May 18

    May 18 (Reuters) - Britain's FTSE 100 index is seen opening down 14
points at 7,774 on Friday, according to financial bookmakers.  
      
    * BARCLAYS: Activist investor Edward Bramson is calling on Barclays
to end the bulk of trading activities at its investment bank, in a radical plan
to cut costs and boost returns at the British lender.
    * RYANAIR: Ryanair said its issues with pilot staffing have
stabilised, with would-be Ryanair pilots queueing up to join after the company
decided to recognise unions and offer direct contracts.
    * GSK: GlaxoSmithKline is putting more marketing muscle behind its
new lung drugs and is looking for a sales boost as top respiratory experts
gather to analyse clinical trials data at a meeting in San Diego this weekend. 

    * RBS: The British unit of Spain's biggest bank Banco Santander SA
plans to apply for a slice of the 775 million pounds of funds that RBS
agreed to make available to stimulate competition in the U.K. small-business
lending market, Bloomberg reported. bloom.bg/2k896v8
    * BP: BP Plc and ConocoPhillips are in discussions for an
asset swap deal that would see the U.K. energy major gain a greater foothold in
a key project in the North Sea and the U.S. explorer get Alaskan assets,
Bloomberg reported. bloom.bg/2rMbdIq
    * SAINSBURY: UK Business secretary Greg Clark has written to the UK
competition regulator insisting that its inquiry into J Sainsbury's
proposed takeover of Asda must look at the implications for supermarket
suppliers., FT reported. on.ft.com/2IO4LeE
    * GOLD: Gold prices edged down on Friday to near their lowest levels this
year, pressured by a firm U.S. dollar amid surging U.S. Treasury yields.

    * OIL: Oil prices held firm on Friday on strong demand, ongoing supply cuts
led by producer cartel OPEC and looming U.S. sanctions against major crude
exporter Iran.
    * The UK blue chip index closed 53.77 points higher at 7787.97 on Thursday,
as strong oil prices helped the index seal its highest ever closing level.

    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:
    
 Hikma Pharmaceuticals PLC           Interim Management Statement
 AstraZeneca PLC                     Q1 2018 Earnings Release
 
        
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            
 Multimedia versions of Reuters Top News are now available for:
 * 3000 Xtra    : visit topnews.session.rservices.com
 * For Top News : topnews.reuters.com

 (Reporting by Sangameswaran S in Bengaluru)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below