May 21, 2018 / 6:48 AM / in a month

UPDATE 1-UK Stocks-Factors to watch on May 21

(Adds futures, company news item)

May 21 (Reuters) - Britain’s FTSE 100 index is seen opening up 52 points on Monday, according to financial bookmakers, with futures up 0.5 percent ahead of the cash market open.

* BGEO: Bank of Georgia Group Plc on Monday posted an 18.8 percent rise in first-quarter profit, driven by its banking and investment businesses, on the back of strong macroeconomic performance and business outlook in Georgia.

* BRITAIN ECONOMY: British households became much cheerier about their financial situation this month, according to a survey on Monday that will hearten Bank of England officials who think the economy’s weak start to the year was temporary.

* DRAX: British power company Drax will start work this month on a pilot bioenergy carbon capture and storage (CCS) project at its plant in Yorkshire, northern England, it said on Monday.

* GLENCORE: Glencore on Friday said it could not comment on a report by Bloomberg that it may face an enquiry from Britain’s Serious Fraud Office into allegations of bribery linked to its operations in Democratic Republic of Congo.

* RYANAIR: Ryanair posted a record annual profit on Monday as it brushed off a rostering mess-up that forced it to cancel flights and sparked a dispute with pilots, but warned profits would fall back in the coming year due to higher costs and no fare growth.

* MARKS & SPENCER: The outgoing UK and Ireland chief executive of retailer Dixons Carphone is in discussion with Marks & Spencer about joining the firm’s board, Sky News reported on Saturday.

* GSK: U.S. and European regulators said they were assessing evidence that GlaxoSmithKline’s HIV drug dolutegravir might be linked to serious birth defects, casting a shadow over a medicine that has been a key profit driver in recent years.

* ASTRAZENECA: More than a third of AstraZeneca shareholders staged a revolt over bonuses at the pharmaceutical company on Friday, following concerns about levels of disclosures and outcomes under the company’s incentive scheme.

* BMW RECALL: BMW is expanding a recall of vehicles in Britain, which it launched last week, by 88,000 cars to a total of 390,000, in the wake of a BBC investigation which found that some vehicles could cut out completely while being driven.

* OIL: Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world’s two biggest economies “on hold”.

* The UK blue chip index closed 0.1 percent lower at 7,778.79 on Friday.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY’S UK PAPERS

> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Radhika Rukmangadhan in Bengaluru)

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