Stock factors to watch – 25 May
May 25 – Reuters (London) – Britain’s FTSE 100 index is seen opening up 48 points at 7,765 on Friday, according to financial bookmakers.
SHELL: A British judge ruled on Thursday that Nigeria’s Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year.
VEDANTA RESOURCES: India’s Tamil Nadu state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources after 13 people died in protests demanding the closure of the plant on environmental grounds.
SHELL: An auction of oil by the Brazilian government from coveted offshore pre-salt fields has only attracted the interest of one bidder, Royal Dutch Shell Plc.
VODAFONE: The Indian government has allowed the merged entity of Vodafone India Ltd and Idea Cellular Ltd to clear dues related to spectrum charges and licence fees, a departure from the telecom department’s earlier stand that the merger will be approved subject to the payment of all dues, the Mint newspaper said.
The UK blue chip index closed down 0.92 percent at 7,716.74 on Thursday, as global markets took a hit when Trump announced he had called off the June 12 summit “based on the tremendous anger and open hostility” from Pyongyang.