UK Stocks-Factors to watch on May 29

May 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up on Thursday, with futures FFIc1 up 0.82%.

BP: BP's BP.L Castrol lubricants business is attracting interest from companies such as India's Reliance Industries RELI.NS, Bloomberg News reported on Wednesday, citing people familiar with the matter.

SHEIN IPO: This time last year Britain was mounting a charm offensive on online retailer Shein, with ministers saying they had conversations with the seller of $5 t-shirts about the benefits of a London listing.

BRITISH PENSION SCHEMES: Some British pension schemes will be told to merge to become 'megafunds' with at least 25 billion pounds ($34 billion) of assets by 2030, the government said on Thursday, part of its wider drive to channel more investment into the UK economy.

OIL: Oil prices rose after a U.S. court blocked most of President Donald Trump's tariffs from taking effect, while the market was watching out for potential new U.S. sanctions curbing Russian crude flows and an OPEC+ decision on hiking output in July.

GOLD: Gold touched a more than one-week low.

METALS: London copper prices edged higher on Thursday.

EX-DIVS: Severn Trent SVT.L, National Grid NG.L , Marks & Spencer MKS.L, Hilton Foods HFG.L, Renold RNO.L , Fuller Smith FSTA.L, Informa INF.L , and Hill & Smith HILS.L will trade without entitlement to its latest dividend pay-out on Thursday.

FTSE 100: The UK blue-chip index .FTSE closed down 0.6% on Wednesday as investors parsed a mixed bag of corporate earnings.

UK CORPORATE DIARY:

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