UK Stocks-Factors to watch on May 11

lunes 11 de mayo de 2015 02:41 GYT
 

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LONDON May 11 (Reuters) - Britain's FTSE 100 index is seen opening 3 to 8 points lower, or down as much as 0.1 percent, on Monday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* Futures for the index were down 0.1 percent by 0640 GMT.

* The blue-chip FTSE 100 index ended 2.3 percent higher at 7,046.82 points on Friday after Prime Minister David Cameron's Conservatives unexpectedly won the parliamentary election. The index recorded its biggest one-day percentage gain since early January and reached within touching distance of a record high of 7,122.74 points set last month.

* ROYAL BANK OF SCOTLAND - Britain may begin selling part of the state's holding in Royal Bank of Scotland at a loss later this year, sources familiar with the matter told Reuters.

* LONMIN - South African platinum producer Lonmin on Monday maintained its platinum sales forecast for the year despite technical issues which hit its smelters earlier this year, as it posted a smaller first-half loss.

* London copper was steady on Monday after top metals user China cut interest rates at the weekend, raising concerns about the extent of a slowdown in demand in the world's top metals consumer.

* CAIRN ENERGY - The oil explorer said its oilfields offshore Senegal could hold more than a billion barrels of oil and the company and its partners plan to drill up to six new wells over three years.

* GLAXOSMITHKLINE - The drugmaker, which decided last week to retain rather than float off its HIV drugs business, is to collaborate with U.S. scientists in developing a cure for AIDS.   Continuación...