UK Stocks-Factors to watch on May 23

(Corrects item on M&C Saatchi to say AdvancedAdvT will not raise its offer for the ad group, and is not dropping out from the race)

May 23 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Monday, with futures FFIc1 up 1.02%.

* MOONPIG: British online greetings card company Moonpig MOONM.L said on Monday it had agreed to buy Smartbox, a gifting experiences platform that owns the brands Buyagift and Red Letter Days, for 124 million pounds ($155.6 million) in cash.

* ASTRAZENECA: Drugmaker AstraZeneca AZN.L said on Monday its COVID-19 vaccine, Vaxzevria, has been approved in the European Union by the region's medical regulator as a third-dose booster in adults following a panel recommendation last week.

* KINGFISHER: British home improvement retailer Kingfisher KGF.L reported first quarter sales significantly ahead of its pre-pandemic performance and maintained its full year guidance, saying demand for do-it-yourself (DIY) was resilient.

* TED BAKER: British fashion chain Ted Baker TED.L said on Monday private equity firm Sycamore was no longer part of its sale process, and that the London-listed group had now received several revised takeover proposals from other parties.

* M&C SAATCHI: M&C Saatchi's SAA.L top investor said on Friday it would not increase the terms of its takeover offer for the British advertising group, after the company agreed to be bought by consultancy Next Fifteen Communications NFC.L .

* HSBC: HSBC Holdings HSBA.L CEO Noel Quinn says his bank will not be distracted from its ambition to lead the global economy in the transition to net zero, after a senior executive said central banks had exaggerated the financial risks of climate change.

* UK's FTSE 100 rebounded on Friday as a move by China to support its economy lifted sentiment at the end of a rocky week for markets, while e-commerce firm THG soared after rejecting a takeover proposal.

* For more on the factors affecting European stocks, please click on:


> Financial Times

> Other business headlines

Reporting by Muhammed Husain and Sinchita Mitra in Bengaluru

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