UPDATE 1-UK Stocks-Factors to watch on May 11

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on May 11
Credit: © Reuters.

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May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 84 points lower at 7,039 on Tuesday, according to financial bookmakers, with futures FFIc1 seen down 1.30% ahead of cash market open.

* AMIGO: Amigo AMGO.L said Britain's financial regulator has told the company it intends to oppose a rescue plan at a court hearing on the basis that the court cannot be satisfied that the current proposal was fair. CAPITA: Capita CPI.L said it would appoint G4S (CSE: G4S ) executive Tim Weller as its finance chief, replacing Gordon Boyd who was with the company on a temporary basis. IAG: IAG ICAG.L said it would launch a convertible bond with an initial issue size of about 800 million euros due in 2028 to strengthen its balance sheet. MORRISONS: Morrisons MRW.L reported a sharp slowdown in quarterly sales growth as its trading overlapped the country's first COVID-19 lockdown when panicked shoppers sent sales soaring. NATWEST: The British government has completed the sale of 1.1 billion pounds in shares of NatWest NWG.L , lowering its stake in the lender it bailed out over a decade ago to below 55%. SSE: SSE SSE.L and Equinor EQNR.OL announced they were jointly developing a new gas-fired power plant equipped with carbon capture technology at Peterhead in Scotland. THG: THG Plc THG.L will raise $1 billion in fresh equity, including $730 million from Softbank Group 9984.T , which has an option to investor a further $1.6 billion in the group, the company said. ASTRAZENECA: AstraZeneca Plc AZN.L has delivered 50 million doses of its COVID-19 vaccine to European Union countries, according to EU supply data, a milestone the company had originally been expected to hit in January. GOLD: Gold prices inched up as a weaker dollar and a pullback in Treasury yields boosted the metal's appeal. OIL: Oil prices fell as fears of prolonged outage of the largest U.S. fuel pipeline system, Colonial Pipeline, faded. The UK blue-chip index .FTSE closed 0.1% lower on Monday as weakness in industrial stocks and a stronger pound following the outcome of the Scottish election outweighed gains in miners. For more on the factors affecting European stocks, please click on: LIVE/


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