UK Stocks — Factors to watch on May 18

LONDON, 18 May (BestGrowthStock) – Britain’s top share index is seen opening 19-20
points higher on Tuesday, after ending steady the previous session, with firmer
commodity prices seen supporting miners and energy stocks.

Financial bookmakers see the FTSE 100 (.FTSE: ) adding around 0.4 percent on
open, after it ended flat on Monday to close at 5262.54, as early gains were
eroded by concerns over Europe’s debt crisis.

Metal prices and crude (CLc1: ) gained some ground, which is likely to support
heavyweight miners and energy stocks.

Banks will derive some support after a meeting of euro zone ministers aimed
to iron out wrinkles in the 750 billion euro ($925 billion) plan they hatched a
week ago to calm markets and stem fears of serial Greek-style debt crises in the
currency area.

After talks in Brussels, German Finance Minister Wolfgang Schaeuble and
others played down what some officials described as Franco-German differences
over the way the anti-contagion mechanism would be deployed if countries needed
it. [ID:nLDE64G290]

Britain’s largest institutional investors, stung by accusations they left
companies unchecked ahead of the credit crisis, have created a new body to
harangue errant company boards.

The Institutional Investor Council (IIC) will be launched under the auspices
of the Institutional Shareholders Committee (ISC), which said on Tuesday the IIC
would also look into day-to-day issues and government policies affecting the
sector. [ID:nLDE64G12K]

Wall St recovers late to edge up on bargain hunting [ID:nN17102670]

GLOBAL MARKETS-Euro dips on persistent fears, stocks shaky [ID:nSGE64H035]

Nikkei rises 0.5 pct after sharp fall, eyes on euro [ID:nTOE64H01V]

FOREX-Euro dips, still fragile after bounce off 4-yr low [ID:nTOE64H02O]

Oil recovers from 5-mth low, outlook uncertain [ID:nSGE64H03V]

TREASURIES-Rise in Asia on euro zone debt crisis worries [ID:nTOE64H01J]

LME copper rebounds after sell-off [ID:nSGE64G0AR]

Gold firms below all time high; watches fragile euro [ID:nSGE64H03W]

UK stocks to watch on Tuesday are:


The airline won a legal bid on Monday to block a threatened five-day strike
by cabin crew members, though unions said they would immediately appeal the
decision. The first of four five-day walkouts had been due to begin at midnight,
but will now not go ahead as planned. [ID:nLDE64G179]

BP (BP.L: )

A consumer group and a whistle-blower asked a U.S. federal court on Monday
to stop production at BP Plc’s (BP.L: ) Atlantis platform in the U.S. Gulf of
Mexico until safety documents are produced. [ID:nN17102741]


Investors have been urged to oppose the bank’s pay plans by a governance
body which objects to a 9 million pound ($13 million) bonus for the bank’s
investment banking chief.

Pirc, which advises institutional investors with assets of over 1.5 trillion
pounds, said Stuart Gulliver, head of HSBC’s global banking and markets
division, received a bonus of over 11 times his base salary. “This award is
excessive,” it said. [ID:nLDE64G1LO]


The mobile phone giant releases its preliminary results.


The property company releases its final results


The technology firm issues a trading update.


British fund firm Jupiter Asset Management [JPAMG.UL] is set to announce a
London listing of its shares, a move that could value the group at up to 1
billion pounds ($1.44 billion), the Financial Times reported on Tuesday.


The company issues a trading update


The beverage company releases its first half results.


The broker releases its preliminary results.


The power station operator releases a trading update.


The group releases its first half results.


The condom maker isssues preliminary results.


The directories business releases its preliminary results.

Stock Market Analysis

(Reporting by Simon Falush)

UK Stocks — Factors to watch on May 18