UPDATE 1-UK Stocks-Factors to watch on May 23

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on May 23
Credit: © Reuters.

(Adds company news, futures)

May 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 9 points at 7505 on Tuesday, according to financial bookmakers, with futures FFIc1 down 0.05 percent ahead of the cash market open.

* CRANSWICK: British pork and poultry supplier Cranswick Plc CWK.L said full-year profit rose 17.2 percent, helped by a significant growth in exports and robust demand across a number of its products. PARAGON: British buy-to-let mortgage lender Paragon Group of Companies Plc PARA.L reported a marginal fall in first-half profit, but said its buy-to-let pipeline had more than doubled, pointing to full-year lending volumes topping its expectations. SEVERN: British water utility Severn Trent Plc SVT.L posted a 4.3 percent rise in full-year underlying pretax profit, boosted by newer price regulations and higher savings. NATIONWIDE: Britain's Nationwide Building Society POB_p.L said on Tuesday that its annual underlying profit fell by 23 percent compared with the previous year, as costs increased and the lender did not pass on the full effect of interest rate cuts to savers. At least 19 people were killed and 59 wounded in an explosion at the end of a concert by U.S. singer Ariana Grande in the English city of Manchester on Monday, in what two U.S. officials said was a suspected suicide bombing. ROYAL BANK OF SCOTLAND: Royal Bank of Scotland RBS.L is close to settling a costly and potentially embarrassing case alleging it misled shareholders during a 12 billion pound ($16 billion) fundraising at the height of the financial crisis, sources familiar with the talks said on Monday. ASTRAZENECA: AstraZeneca's AZN.L experimental injection for severe asthma cut substantially the need for patients to take problematic oral steroids drugs in a late-stage study, boosting hopes for a medicine that is expected to reach the market later this year. The UK blue chip index closed up nearly 0.4 percent on Monday, holding near last week's record highs, propelled by a weaker pound and as UK miners gained from metal prices.

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