UK Stocks-Factors to watch on May 26
May 26 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening lower on Thursday, with futures FFIc1 down 0.2%.
* SHELL: A British regulator is expected to approve in the coming days a revised plan by Shell SHEL.L to develop a North Sea gas field, which had been initially rejected on environmental grounds, three sources told Reuters.
* JD SPORTS: Britain's biggest sportswear retailer, JD Sports Fashion JD.L , ousted longstanding executive chairman Peter Cowgill, saying its internal governance and controls had not kept pace with the firm's growth.
* ECONOMY: Britain's car production fell 11% in April due to persistent chip shortages and supply chain issues, made worse by the Ukraine crisis, the UK auto trade association said on Thursday.
* GOLD: Gold prices edged lower as Treasury yields gained, after the appeal of bullion was somewhat restored by minutes of a U.S. Federal Reserve policy meeting that showed the central bank was unlikely to get more aggressive on interest rate hikes.
* OIL: Oil prices rose, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.
* UK stocks rose on Wednesday as investors' mood steadied after a bruising previous session, while pet supplies retailer Pets at Home topped midcap stocks after posting upbeat corporate earnings.
* UK CORPORATE DIARY: Johnson Matthey PLC
United Utilities Group
Auto Trader Group PLC
Impax Asset Management
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
Reporting by Muhammed Husain in Bengaluru
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.