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UK Stocks-Factors to watch on May 13
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UK Stocks-Factors to watch on May 13
May 12, 2024 10:16 PM

May 13 - Britain's FTSE 100 index is seen

opening lower on Monday, with futures down 0.2%.

* SHEIN: Fast-fashion giant Shein is stepping up

preparations for a London listing after its attempt to float

itself in New York faced regulatory hurdles and pushback from

U.S. lawmakers, two people with knowledge of the matter said.

* ASTRAZENECA ( AZN ): Leading healthcare companies Pfizer ( PFE )

and AstraZeneca ( AZN ) announced new investments in France

worth a total of nearly $1 billion, ahead of the start of this

year's annual 'Choose France' business summit.

* ENTAIN ( GMVHF ): Henry Birch, the former chief executive of Rank

Group ( RANKF ), is among the contenders to become the head of

British gambling group Entain ( GMVHF ), Sky News reported on

Saturday, citing unidentified sources.

* PAY: British employers expect to raise wages by 4% over

the coming 12 months, a similar rate to three months ago,

according to an industry survey on Monday that suggested

businesses were less willing to take on higher labour costs.

* OIL: Oil prices extended declines amid signs of weak fuel

demand and as comments from U.S. Federal Reserve officials

dampened hopes of interest rate cuts, which could slow growth

and crimp fuel demand in the world's biggest economy.

* METALS: Prices of most base metals opened lower after

lacklustre economic data from China, the world's top metal

consumer, over the weekend dampened investor sentiment.

* FTSE: Britain's FTSE 100 hit a record high for a fifth

straight session on Friday as investors cheered the Bank of

England's dovish tone while the British economy grew more than

expected in the first quarter of the year.

* UK CORPORATE DIARY:

Diploma HY Results

* 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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