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UK Stocks-Factors to watch on May 7

Published 07/05/2019, 03:18 pm
Updated 07/05/2019, 03:20 pm
© Reuters.  UK Stocks-Factors to watch on May 7

May 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 19 points lower at 7,361 on Tuesday, according to financial bookmakers.

* VECTURA: British drugmaker Vectura Group Plc VEC.L said on Saturday that it won a patent infringement litigation case against GlaxoSmithKline Plc GSK.L in the United States and has been awarded $89.7 million in damages for the period from August 2016 through December 2018. WHITBREAD: Elliott Advisors has become increasingly frustrated with Whitbread Plc's WTB.L strategy of owning Premier Inn hotels outright and wants the company to offload chunks of its 5.8 billion pound ($7.64 billion) property portfolio, the Sunday Telegraph reported. RIO TINTO: Rio Tinto RIO.AX , RIO.L has agreed to buy a fleet of autonomous trucks and other mining equipment from Caterpillar (NYSE:CAT) CAT.N for its new Koodaideri iron ore mine in Western Australia, it said on Tuesday. KOSMOS ENERGY: Oil and gas company Kosmos Energy Ltd KOS.N said on Monday it has started a formal process to sell down its interest in the Mauritania-Senegal basin to around 10 percent and expects bids by the end of the summer. OIL: Oil prices were mixed on Tuesday, pressured by concerns the escalating Sino-U.S. trade dispute could slow the global economy, while U.S. sanctions on crude exporters Iran and Venezuela helped keep the market on edge. GOLD: Gold prices rose on Tuesday as U.S. President Donald Trump's threat to hike tariffs on Chinese imports re-kindled trade tensions between the two countries and pushed investors to seek insurance in safe-haven assets. The UK blue chip index ended 0.4 percent higher on Friday as a profit beat buoyed HSBC and miners recouped recent losses ahead of Chinese-U.S. trade talks next week, while upbeat U.S. jobs data kept investors happy. For more on the factors affecting European stocks, please click on: LIVE/

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* UK CORPORATE DIARY:

Domino's Pizza Group PLC DOM.L Q1 2019 Trading Statement Hiscox Ltd

HSX.L Q1 2019 Trading Statement

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