UK Stocks-Factors to watch on May 17

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on May 17
Credit: © Reuters.

May 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 4 points at 7,730 on Thursday, according to financial bookmakers.

* ROYAL MAIL: New chief executive of Royal Mail RMG.L , Rico Back, has been paid nearly 6 million pounds ($8.13 million) to buy him out of his contract in a move that could spark fury among former state-owned company's trade unions and shareholders. MOTHERCARE: Britain's Mothercare Plc MTC.L will shutter 50 stores in the UK and bring back Mark Newton-Jones as chief executive as part of a restructuring plan to be unveiled on Thursday. KPMG: KPMG, Deloitte, EY and PwC have drawn up contingency plans for a break up of their UK businesses, in case regulators force them to spin off their audit from their consulting businesses, FT reported. https://on.ft.com/2k3DXsM

* BETTING: The maximum stake on fixed odds betting terminals in the UK will be dramatically slashed to just 2 pounds in a major victory for gambling campaigners. GOLD: Gold prices made modest gains on Thursday after touching their lowest level this year in the previous session, amid geopolitical uncertainty and a slightly weaker U.S. dollar. OIL: Oil prices firmed on Thursday, with Brent crude creeping ever closer to $80 per barrel, a level it has not seen since November 2014, as supplies tighten while demand remains strong. EX-DIVS: HSBC HSBA.L , Intertek Group ITRK.L , Tesco TSCO.L will trade without entitlement to their latest dividend pay-out on Thursday, trimming 6.77 points off the FTSE 100 according to Reuters calculations The UK blue chip index closed 11 points higher at 7734.20 on Wednesday, as mining stocks rallied. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

* UK CORPORATE DIARY:

British Land Company PLC

BLND.L

Full Year 2018 Earnings Release National Grid PLC

NG.L

Full Year 2018 Earnings Release 3i Group PLC

III.L

Full Year 2018 Earnings Release Future PLC

FUTR.L

Half Year 2018 Earnings Release Investec PLC

INVP.L

Full Year 2018 Earnings Release Euromoney Institutional Investor ERM.L

Half Year 2018 Earnings Release Grainger PLC

GRI.L

Half Year 2018 Earnings Release Thomas Cook Group plc

TCG.L

Half Year 2018 Earnings Release Royal Mail PLC

RMG.L

Full Year 2018 Earnings Release Just Group PLC

JUSTJ.L Q1 2018 Business Update

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

: visit http://topnews.session.rservices.com

* For Top News : http://topnews.reuters.com ($1 = 0.7382 pounds)

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100