UK Stocks-Factors to watch on May 22
Updates futures, Adds news items
May 22 -Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.57%.
* M&S: British retailer Marks & Spencer MKS.L reported a 58% rise in annual profit, ahead of market expectations, as its strategy to re-shape the business delivered strong sales growth in both its food and clothing divisions.
* BT: Britain's media regulator Ofcom fined telecom group BT BT.L 2.8 million pounds ($3.57 million) for failing to provide more than a million EE and Plusnet customers with clear and simple contract information before signing up for a new deal.
* ADMIRAL ACQUISITION: Admiral Acquisition ADMR.L will buy North American engineering and lab-testing services provider Acuren in a $1.85 billion deal.
* BRITISH LAND: Landlord British Land BLND.L said it expects annual rental growth of 3% to 5%, buoyed by high occupancy and strong leasing at its properties.
* SSE: British power generator and network operator SSE SSE.L posted a lower annual adjusted operating profit on Wednesday, pulled down by challenging weather conditions and project delays faced in the third quarter.
* MITCHELLS & BUTLERS: Britain's Mitchells & Butlers MAB.L posted higher first-half profit, as overall cost pressures eased and sales picked up.
* INFLATION: Inflation in Britain fell by less than expected.
* OIL: Oil prices fell for a third straight session on expectations the Federal Reserve might keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world's largest oil consumer.
* GOLD: Gold prices inched down but hovered above key $2,400 level.
* METALS: Copper prices fell on softening physical demand and higher inventories in top consumer China.
* 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
($1 = 0.7841 pounds)
Reporting by Echha Jain in Bengaluru
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