UK Stocks-Factors to watch on May 21

May 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.06%.

SHELL: Shell SHEL.L shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP BP.L that the bar for mergers and acquisitions was very high.

ADRIATIC METALS: UK's Adriatic Metals ADT1.L said on Tuesday it was in talks with Canadian peer Dundee Precious Metals DPM.TO regarding a possible takeover.

DIAGEO: Diageo's DGE.L stake in LVMH's LVMH.PA drinks business Moet Hennessy and beer brand Guinness will not be included in the disposal plan announced by the group this week, finance chief Nik Jhangiani said on Tuesday.

HARMONY ENERGY INCOME TRUST: UK's takeover panel on Tuesday cancelled an auction to conclude the sale of Harmony Energy Income Trust HEIT.L, set to take place on May 21, after Drax DRX.L, one of the bidders, decided against raising its offer.

OIL: Oil prices jumped more than 1% on Wednesday after reports Israel is preparing a strike on Iranian nuclear facilities, raising fears that a conflict could upset supply availability in the key Middle East producing region.

METALS: Copper prices in London rose on Wednesday, tracking weakness in the U.S. dollar and stimulus efforts from top consumer China, although gains were limited due to persisting uncertainty over economic growth from tariffs.

The British benchmark index FTSE 100 closed at a two-month high on Tuesday, buoyed by strong corporate earnings, while investors awaited updates on trade-related developments.

UK CORPORATE DIARY:

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