UPDATE 1-UK Stocks-Factors to watch on May 14

  • Reuters
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UPDATE 1-UK Stocks-Factors to watch on May 14
Credit: © Reuters.

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May 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 42 points higher at 7,005 on Friday, according to financial bookmakers, with futures FFIc1 seen up 0.50% ahead of the cash market open.

* SANNE GROUP: UK-based Cinven said alternative asset and corporate services firm Sanne Group SNNS.L had rejected the private-equity firm's 1.35-billion-pound buyout offer. L4N2N11OS

* ENVIRONMENT: Britain wants to broker a global agreement to stop the cross-border financing of coal projects when it hosts a major climate conference in November, a senior government minister said. GOLD: Gold prices fell and were on track for a weekly loss, as firmer dollar and rising U.S. Treasury yields dampened the metal's safe-haven appeal. OIL: Oil prices fell as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack. The UK blue-chip index .FTSE closed 0.6% lower on Thursday, dragged down by losses in heavyweight commodity stocks and Burberry Group (LON: BRBY ), while fears of a spike in inflation as the economy recovers hurt demand for equities. For more on the factors affecting European stocks, please click on: LIVE/

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