UK Stocks-Factors to watch on May 28

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on May 28
Credit: © Reuters.

May 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 28 points higher at 7,306 on Tuesday, according to financial bookmakers.

* HSBC: HSBC Holdings PLC HSBA.L on Monday named Kanakanjan Ray as head of its Financial Institutions Group in Southeast Asia.

FINABLR: Payments and foreign exchange company Finablr FINF.L plans to use half of the proceeds from its share sale in London earlier this month to expand both organically and via acquisitions, its chief executive said on Sunday.

GALLIFORD: Britain's Galliford Try plc GFRD.L said on Saturday it had rejected a bid from home builder Bovis Homes Group BVS.L as the offer was not in the interests of all shareholders.

BP: BP Plc BP.L continued on Friday the restart of the small crude distillation unit (CDU) at its 413,500 barrel-per-day (bpd) Whiting, Indiana, refinery, said sources familiar with plant operations.

ACACIA MINING, BARRICK GOLD: Barrick Gold Corp 's ABX.TO offer to buy the rest of Acacia Mining ACAA.L for $787 million is fair because the Canadian company is taking on more risk by increasing its exposure to Tanzania, its chief executive said on Friday.

GOLD: Gold prices inched lower on Tuesday, dropping for the first time in four sessions, as the dollar rebounded from multi-week lows after the European Union parliamentary election results and amid simmering Sino-U.S. trade tensions.

OIL: Brent crude oil prices consolidated above $70 per barrel on Tuesday as supply cuts led by producer club OPEC and U.S. sanctions on Iran's and Venezuela's fuel exports outweighed concerns about an economic slowdown. The UK blue chip index added 0.7% on Friday after Prime Minister Theresa May announced her resignation date as head of her party in a widely expected move that nevertheless raises the prospect of a successor likely to seek a more hardline Brexit deal. For more on the factors affecting European stocks, please click on: LIVE/

* UK CORPORATE DIARY:

Kainos Group PLC KNOS.L Preliminary 2019 Earnings Lonmin Plc

LMI.L

Ordinary Shareholder Meeting

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB

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