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UK Stocks-Factors to watch on May 21
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UK Stocks-Factors to watch on May 21
May 26, 2025 11:22 AM

May 21 (Reuters) - Britain's FTSE 100 index is

seen opening higher on Wednesday, with futures up 0.06%.

* SHELL: Shell shareholders on Tuesday

re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said

when asked about a potential deal for rival BP that the

bar for mergers and acquisitions was very high.

* ADRIATIC METALS ( ADMLF ): UK's Adriatic Metals ( ADMLF ) said on

Tuesday it was in talks with Canadian peer Dundee Precious

Metals ( DPMLF ) regarding a possible takeover.

* DIAGEO ( DEO ): Diageo's ( DEO ) stake in LVMH's drinks

business Moet Hennessy and beer brand Guinness will not be

included in the disposal plan announced by the group this week,

finance chief Nik Jhangiani said on Tuesday.

* HARMONY ENERGY INCOME TRUST: UK's takeover panel on

Tuesday cancelled an auction to conclude the sale of Harmony

Energy Income Trust, set to take place on May 21, after

Drax ( DRXGF ), one of the bidders, decided against raising its

offer.

* OIL: Oil prices jumped more than 1% on Wednesday after

reports Israel is preparing a strike on Iranian nuclear

facilities, raising fears that a conflict could upset supply

availability in the key Middle East producing region.

* METALS: Copper prices in London rose on Wednesday,

tracking weakness in the U.S. dollar and stimulus efforts from

top consumer China, although gains were limited due to

persisting uncertainty over economic growth from tariffs.

* The British benchmark index FTSE 100 closed at a two-month

high on Tuesday, buoyed by strong corporate earnings, while

investors awaited updates on trade-related developments.

* UK CORPORATE DIARY:

Marks & Spencer ( MAKSF ) FY results

Currys ( DSITF ) FY results

SSE FY results

JD Sports Fashion FY results

Severn Trent FY results

Ithaca Energy Q1 trading statement

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Yamini Kalia in Bengaluru)

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