UK Stocks-Factors to watch on May 24
May 24 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Wednesday, with futures FFIc1 up 0.9%.
* LEGAL & GENERAL: British insurer Legal & General LGEN.L has formed a 50:50 partnership with U.S. developer Ancora to invest in U.S. life sciences and technology real estate in the first U.S. investment by its alternative assets arm, the insurer said on Wednesday.
* GLENCORE: Glencore Plc GLEN.L said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation, as authorities in the United States, Britain and Brazil announced that three of the company's subsidiaries were pleading guilty to crimes.
* SHELL: Oil major Shell SHEL.L on Tuesday said planned maintenance at its Mars platform in the Gulf of Mexico was completed on Sunday.
* ECONOMY: British employers increased pay for their staff by 4% on average in the three months to April, marking the biggest raise since 1992 but a long way behind surging inflation, a survey showed on Wednesday.
* OIL: Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the U.S. summer driving season.
* GOLD: Gold prices edged lower on Wednesday, slipping from a two-week high hit in the previous session, as the dollar reclaimed some ground, but uncertainty over the trajectory of inflation supported safe-haven bullion's outlook.
* UK's FTSE 100 fell on Tuesday, tracking a sour global mood with energy stocks leading declines and shares of British utilities slumped after a media report fuelled speculation of a windfall tax.
* UK CORPORATE DIARY: Marks and Spencer
Tate & Lyle PLC
Pets at Home Group
De La Rue
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
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Reporting by Muhammed Husain in Bengaluru
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