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UK Stocks-Factors to watch on May 12

05/12/2021 01:01
UK Stocks-Factors to watch on May 12

- Britain's FTSE 100 .FTSE index is seen opening 35 points lower at 6,913 on Wednesday, according to financial bookmakers.


* CLIMATE: Shareholder advisory PIRC recommended investors vote against Shell's RDSa.L non-binding resolution on its energy transition strategy on Tuesday, setting up a showdown at its annual general meeting next week.nL1N2MY23V

* TECH: Britain said a planned new law would see social media companies fined up to 10% of turnover or 18 million pounds if they failed to stamp out online abuses such as racist hate crimes, while senior managers could also face criminal action.nL8N2MY6PU

* GOLD: Gold prices fell, weighed down by higher U.S. Treasury yields and a slight rebound in the dollar ahead of the much-awaited U.S. consumer price data due later in the day.nL4N2MZ0RY

* OIL: Oil prices rose after industry data showed a drop in U.S. crude inventories, which reinforced OPEC's robust demand outlook.nL4N2MZ08B

* The UK blue-chip index .FTSE closed 2.6% lower on Tuesday after a sudden drop in big U.S. tech stocks over inflation concerns.nL4N2MY26M


* UK CORPORATE DIARY:


CPG.L

Compass Group

HY results

CCH.L

Coca-Cola HBC

Trading update



* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB


(Reporting by Priyanshi Mandhan in Bengaluru;
Editing by Vinay Dwivedi)

(([email protected]; +91 9650985606;))