UK Stocks — Factors to watch on May 14

LONDON, May 14 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index
is seen falling on Friday, retreating after gains in the
previous session, in line with overnight weakness on Wall Street
and in Asia, with energy stocks and miners likely to be
pressured by weaker commodity prices.

The UK blue chip index looks set to shed 25 to 29 points, or
0.5 percent, according to financial bookmakers, after it ended
up 50.28 points, or 0.9 percent, at 5,433.73 on Thursday — the
highest close since April 30.

U.S. stocks (Read more about the stock market today. ) fell on Thursday as downbeat comments on the
economy from tech company Cisco Systems Inc (CSCO.O: ) and retail
chain Kohl’s Corp (KSS.N: ) cast doubt on the strength of the U.S.
recovery.

The euro steadied near 14-month lows against the dollar on
Friday on concerns that rigorous fiscal tightening in Europe
would dampen an already-weak recovery.

With no domestic data scheduled for release on Friday,
investor attention will be drawn across the Atlantic, to a batch
of key U.S. data.

April U.S. retail sales numbers will be released at 1230
GMT, April U.S. industrial output figures are due at 1315 GMT,
the first reading for May’s Thomson Reuters/University of
Michigan consumer sentiment index is out at 1355 GMT, and U.S.
business inventories for March will be released at 1400 GMT.

* GLOBALMKTS-Euro struggles, stocks fall on EU debt doubts
[ID:nSGE64D03O]

* Wall St falls as execs question economic recovery

[ID:nN13205151]

* Nikkei slips 1.6 pct after rally, Sony drops

[ID:nTOE64D026]

* TREASURIES-Prices gain on Euro worries as stocks fall

[ID:nN13602791]

* FOREX-Euro near 14-mth lows vs dollar on econ worries

[ID:nTOE64D006]

* Gold ticks higher but holds below all time high

[ID:nSGE64D02G]

* Copper eases; brittle sentiment vulnerable to shocks

[ID:nSGE64D04H]

* Oil slumps towards 3-mth low on demand growth concern

[ID:nSGE64D01E]

UK stocks to watch on Friday:

PRUDENTIAL (PRU.L: )

The UK insurer is expected to outline divestments of some
Asian assets in its upcoming rights offering prospectus in an
effort to appease shareholder concerns about its planned AIA
acquisition, a source familiar with the process told Reuters.
[ID:nTOE64D02R]

ROLLS ROYCE GROUP (RR.L: )

Two U.S. House Armed Services subcommittees voted, over
Pentagon objections, to keep an alternate engine being developed
by General Electric Co (GE.N: ) and Rolls-Royce for the
multinational F-35 fighter aircraft program. [ID:nN13169190]

ROYAL DUTCH SHELL (RDSa.L: )

The oil drilling disaster at a BP (BP.L: ) well in the Gulf of
Mexico has cast doubt on Royal Dutch Shell’s plans to drill for
oil thousands of miles away in the Arctic Ocean. [ID:nN13269654]

SPORTS DIRECT (SPD.L: )

The High Court has ruled against the liquidators for
Kaupthing Singer & Friedlander, the British subsidiary of the
Icelandic bank that collapsed in 2008, handing retailer Sports
Direct a multi-million pound victory, the Times reported.

KAZAKHMYS (KAZ.L: )

The Kazakh copper miner holds its annual general meeting.

ARM HOLDINGS (ARM.L: )

The chip designer holds its annual general meeting.

STANDARD LIFE (SL.L: )

The insurer holds its annual general meeting.

INTERTEK GROUP (ITRK.L: )

The testing company issues a trading update.

RENTOKIL INITIAL (RTO.L: )

The pest control to parcel delivery firm holds its annual
general meeting.

RENISHAW (RSW.L: )

The precision engineer issues a trading update.

UNITE GROUP (UTG.L: )

The student landlord issues a trading update.

COMPUTACENTER (CCC.L: )

The IT company issues a trading update.

LADBROKES (LAD.L: )

The bookmaker issues a trading update.

GLOBAL ENERGY DEVELOPMENT (GBLE.L: )

The petroleum exploration and production company holds its
AGM.

HANSARD GLOBAL (HSD.L: )

The long-term savings provider issues a trading update.

TODAY’S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

Investing Advice

(Reporting by Tricia Wright)

UK Stocks — Factors to watch on May 14