UK Stocks-Factors to watch on May 10

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on May 10
Credit: © Reuters.

May 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points lower on Wednesday, according to financial bookmakers.

* BHP BILLITON: BHP Billiton BHP.AX , BLT.L said it had started a sales process to potentially divest its Cerro Colorado copper mine in Chile. STANDARD LIFE/ABERDEEN: Standard Life SL.L and Aberdeen Asset Management ADN.L expect to cut 800 jobs, nearly 10 percent of the firms' total workforce, within three years of their looming merger, Standard Life said after announcing on Tuesday that the combined group will be named Standard Life Aberdeen. OIL: Oil futures rose in Asian trading on Wednesday after Reuters reported that Saudi Arabia would cut supplies to the region as OPEC battles against rising U.S. production that is threatening to derail its attempts to end a sustained global glut in crude. GOLD: Gold edged up on Wednesday from an eight-week low hit the session before, with the dollar slipping after U.S. President Donald Trump abruptly dismissed FBI Director James Comey. The UK blue chip index closed up 0.6 percent on Tuesday, after British Prime Minister Theresa May vowed to cap energy prices if she was re-elected in June. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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