UK Stocks-Factors to watch on May 3

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on May 3
Credit: © Reuters.

May 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 21 points on Thursday, according to financial bookmakers.

* UNILEVER: Unilever Plc's ULVR.L shareholders approved a new executive pay policy on Wednesday, but the Anglo-Dutch consumer goods group faced a bruising backlash at what is expected to be its last annual general meeting in London. ABCAM: Biotech firm Abcam ABCA.L said Horizon Discovery HZDH.L had rejected a 270 million pound ($368 million) approach, adding it had gone public with its takeover interest to try to force the British company to open talks. INMARSAT: Investors in Inmarsat ISA.L voted against the British satellite firm's remuneration report as they made clear their unhappiness at executive rewards for a year in which the company's shares fell 35 percent. OIL: Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices. GOLD: Gold prices rose for a second session on Thursday after the U.S. Federal Reserve held interest rates steady as expected at the end of a two-day policy meeting, while investors awaited U.S.-China trade talks. EX-DIVS: G4S (CO: G4S ) GFS.L , Kingfisher KGF.L , London Stock Exchange LSE.L , Mondi MNDI.L , Unilever ULVR.L , will trade without entitlement to their latest dividend pay-out on Thursday, trimming 4.73 points off the FTSE 100 according to Reuters calculations. The UK blue chip index closed 0.3 percent higher at 7,543.20 points on Wednesday, posting a fifth session of gains in a row as metal prices boosted miners and first-quarter earnings reports lifted the London stock market. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

* UK CORPORATE DIARY:

Glencore

GLEN.L Q1 production report IMI Plc

IMI.L

Interim Management Statement Lancashire

LRE.L

Q1 Earnings Release Esure

ESUR.L Q1 Earnings Release Trinity Mirror

TNI.L

Trading statement/AGM Smith & Nephew

SN.L

Trading Statement GSK

GSK.L

AGM Moneysupermarket

MONY.L AGM Rolls Royce

RR.L

AGM Reckitt Benckiser RB.L

AGM

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