UPDATE 1-UK Stocks-Factors to watch on May 22

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UPDATE 1-UK Stocks-Factors to watch on May 22
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(Adds futures, company news item)

May 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 15 points at 7,486 on Monday, according to financial bookmakers, with futures FFIc1 up 0.52 percent ahead of the cash market open.

* M&S: Britain's Marks & Spencer MKS.L is expected to report a renewed decline in clothing and homeware sales in its latest quarter, dampening the euphoria of the previous three months when it reported a first increase in nearly two years. BRACLAYS: Barclays BARC.L will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters. BT: Italian investigators have seized documents from the Milan offices of International Business Machines (NYSE: IBM ) Corp IBM .N as part of an investigation into allegations of fraud at one of its customers, BT Italy, a unit of Britain's BT Group BT.L , sources said. BRITAIN CLEARING: The European Union is expected to propose that clearing of euro denominated securities should be moved from London to the continent after Brexit, Euronext ENX.PA chief executive Stephane Boujnah said on Friday. CYBER ATTACK/INSURANCE: Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world's political hotspots to recoup losses caused by ransomware viruses such as "WannaCry", insurers say. BARCLAYS: The Federal Reserve announced on Friday that it had imposed a $1.2 million fine on a former Barclays Plc BARC.L foreign exchange trader, and barred him from the banking industry. ARSENAL: Arsenal's second-largest investor, Alisher Usmanov, made a $1.3 billion offer to buy out the soccer club's majority owner Stan Kroenke, a source familiar with the matter told Reuters, confirming earlier reports. The UK blue chip index closed up 0.46 percent on Friday, bringing it into positive territory for the week after its performance was dented by worries over turmoil in U.S. President Donald Trump's administration that sent stocks tumbling across the globe. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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