UK Stocks-Factors to watch on May 7

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on May 7
Credit: © Reuters.

May 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 26 points higher at 7,102 on Friday, according to financial bookmakers.

* INDIVIOR: Indivior INDV.L was hit by a shareholder rebellion at its annual meeting on Thursday over bonuses for its former CEO. CAIRN ENERGY: India has asked state-run banks to withdraw funds from their foreign currency accounts abroad, two government officials and a banker said, as New Delhi fears Cairn Energy CNE.L may try to seize the cash after an arbitration ruling in a tax dispute. BP: Woodfibre LNG said on Thursday it signed a second agreement to sell LNG from its proposed export plant in British Columbia to a unit of BP PLC BP.L . TRAVEL: Airlines, holiday companies, tourists and vast swathes of southern Europe are looking forward to hearing the UK's plan to relaunch travel but only a limited number of countries are set to be declared safe to visit. JOBS: Demand for workers from British employers soared this month at the fastest rate since the late 1990s as much of the economy reopened following the latest coronavirus lockdown, a survey of recruitment consultants showed. GOLD: Gold prices hovered near a 2-1/2-month high aided by a weaker dollar and a pullback in Treasury yields. OIL: Oil prices recovered after a 1% dip in the previous session, on buoyant economic data from China and the United States. The UK blue-chip index .FTSE closed 0.4% higher on Thursday, boosted by heavyweight consumer staple stocks and positive earnings updates from Next and Melrose Industries. UK CORPORATE DIARY:

ICAG.L

IAG

Trading update IHG.L

IHG

Trading update

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

TODAY'S UK PAPERS

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