UPDATE 1-UK Stocks-Factors to watch on April 27

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on April 27
Credit: © Reuters.

(Adds news items) Britain's FTSE futures FFIc1 seen down 0.1% ahead of cash market open on Tuesday.

* BP: BP 's BP.L first-quarter profit more than tripled from a year earlier to $2.6 billion, exceeding expectations, boosted by stronger oil prices and bumper revenue from natural gas trading. AVEVA GROUP: Aveva Group AVV.L said its chief executive Craig Hayman had decided to quit and Peter Herweck would be seconded from its major shareholder Schneider Electric (PA: SCHN ) SCHN.PA as his replacement from May 1. IWG PLC: Office rental firm IWG Plc IWG.L said it has witnessed "unprecedented demand" for its flexible work products, suitable for a combination of office and remote work that has become the norm during the COVID-19 pandemic. WHITBREAD: Premier-Inn owner Whitbread WTB.L reported an annual loss of about $1.4 billion after COVID-19 curbs crimped all major travel in Britain for most of 2020, and said it expects a "significant" bounce in leisure demand in the summer. RIO TINTO: UBS UBSG.S named Rio Tinto RIO.L legal executive Barbara Levi as its new general counsel, replacing Markus Diethelm who will retire in November. HSBC: HSBC Holdings HSBA.L reported better-than-expected quarterly profit and released $400 million it had set aside to cover pandemic-induced bad loans, as successful vaccine rollouts in key markets promised a brighter economic outlook. ENTAIN: Entain ENT.L has made a A$3.5 billion ($2.73 billion) proposal to buy Tabcorp Holdings' TAH.AX struggling wagering and media business, the British sports betting firm said on Tuesday. DARKTRACE: The books for the listing of British cybersecurity company Darktrace have been covered on the first day of the road show, a source familiar with the matter said on Monday. ASTRAZENECA: The United States will start to share up to 60 million doses of AstraZeneca Plc's AZN.L COVID-19 vaccine with other countries in the coming months after a federal safety review, the Associated Press reported on Monday, citing the White House. OIL: Oil prices rebounded after falling in the previous session, but gains are likely to be capped amid growing concerns over fuel demand in India, the world's third-biggest crude importer, now slammed by spiralling new coronavirus cases. O/R

* London's FTSE-100 rose on Monday as mining and financial shares benefitted from growing hopes of an economic recovery, while a surge in shares of engineering firm IMI (LON: IMI ) helped the mid-cap index outperform its blue-chip counterpart. .L

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


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