UK stocks- Factors to watch on May 10

May 10 (Reuters) - Britain's FTSE 100 index is expected to open 22

points higher at 7,229 on Friday, according to financial bookmakers.

* BARCLAYS, RBS, HSBC: Barclays, HSBC, and Royal Bank of

Scotland are among banks facing fines by EU antitrust regulators in

coming weeks for rigging the multi-trillion dollar foreign exchange market, two

people familiar with the matter said.

* BAE SYSTEMS: Leading British defence firm BAE Systems said it

was working with the government to deliver its contracts with Saudi Arabia after

Germany extended its ban on exporting arms to the country.

* SHELL: Royal Dutch Shell has plans to invest about $2 billion per

year in Brazil through 2025, Chief Executive Ben van Beurden told newspaper

Valor Econômico in an exclusive interview.

* OIL: Oil prices pared earlier gains on Friday, following U.S. President

Donald Trump's tariff increase on $200 billion worth of Chinese goods took

effect, escalating the trade dispute between the world's two biggest economies

and oil consumers.

* GOLD: Gold prices edged higher on Friday, drawing support from increased

trade tensions after U.S. President Donald Trump's tariff increase on $200

billion worth of Chinese goods took effect, putting the bullion on track for a

weekly gain.

* The UK blue chip index lost 0.9 percent and was set for its steepest

weekly fall since early December on Thursday, as markets remained wary of tariff

hike as trade talks between the United States and China resumed in Washington.

* For more on the factors affecting European stocks, please click on:

* UK CORPORATE DIARY:

Lonmin Half Year Earnings Release

Millennium & Copthorne Hotels Q1 Earnings Release

IAG Q1 Earnings Release

BBA Aviation Trading Statement Release

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Pushkala Aripaka in Bengaluru; editing by Uttaresh.V)