UPDATE 1-UK Stocks-Factors to watch on May 12

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on May 12
Credit: © Reuters.

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May 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 35 points lower at 6,913 on Wednesday, according to financial bookmakers, with futures FFIc1 seen down 0.12% ahead of cash market open.

* DIAGEO: Diageo DGE.L said it was expecting organic operating profit growth to be at least 14% in its current fiscal year. TP ICAP (LON: NXGN ): TP ICAP Plc's TCAPI.L first-quarter revenue fell 9% to £483 million from £530 million a year earlier. COMPASS GROUP: Compass Group Plc CPG.L said its margins in the third quarter would improve sequentially, supported by the company's cost cutting measures after reporting a pandemic-slump in first-half profit. TUI (LON: TUIT ): TUI Group said it was expecting a strong 2021 holiday season and stuck to its plan to operate at 75% of its pre-pandemic capacity. UDG HEALTHCARE: Private-equity firm Clayton, Dubilier & Rice (CDR) has agreed to buy London-listed UDG Healthcare UDG.L for 2.6 billion pounds, the pharmaceuticals services company said. CLIMATE: Shareholder advisory PIRC recommended investors vote against Shell's RDSa.L non-binding resolution on its energy transition strategy on Tuesday, setting up a showdown at its annual general meeting next week. ECONOMY: Britain's economy grew by a stronger-than-expected 2.1% in March from February, official data showed. TECH: Britain said a planned new law would see social media companies fined up to 10% of turnover or 18 million pounds if they failed to stamp out online abuses such as racist hate crimes, while senior managers could also face criminal action. GOLD: Gold prices fell, weighed down by higher U.S. Treasury yields and a slight rebound in the dollar ahead of the much-awaited U.S. consumer price data due later in the day. OIL: Oil prices rose after industry data showed a drop in U.S. crude inventories, which reinforced OPEC's robust demand outlook. The UK blue-chip index .FTSE closed 2.6% lower on Tuesday after a sudden drop in big U.S. tech stocks over inflation concerns. For more on the factors affecting European stocks, please click on: LIVE/

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