UPDATE 1-UK Stocks-Factors to watch on May 29

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on May 29
Credit: © Reuters.

(Adds futures, news items)

May 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 52 points lower on Friday, according to financial bookmakers, with futures FFIc1 down 0.9%.

* B&M: B&M BMEB.L said it had traded strongly over the last two months, driven by exceptional demand for do-it-yourself and gardening products during the national lockdown. NATIONWIDE: Nationwide Building Society's POB_p.L annual profit fell by 44%, it said as it warned of rising loan losses because of the coronavirus pandemic. SIG: SIG Plc SHI.L plans to raise 150 million pounds in new equity with U.S. buyout firm Clayton, Dubilier & Rice, it said, as it pointed to a bleak outlook after "disappointing" results. JOBS: Britain cannot run its COVID-19 jobs protection scheme indefinitely and needs to start tapering it down as people slowly return to work, environment minister George Eustice said. AUTOMOBILE: British car production could slump this year to the lowest level in decades after the pandemic forced factories to close and hit demand, according to an industry body. ASTRAZENECA: AstraZeneca's AZN.L top-selling drug Tagrisso has been shown to hold back a certain type of lung cancer when diagnosed at an early stage, the British drugmaker said on Thursday. GOLD: Gold inched up and was on track for its second monthly gain as deteriorating U.S.-China ties in a world reeling from the virus outbreak rattled investors and fuelled demand for the safe-haven metal. OIL: Oil prices edged lower after U.S. inventory data showed lacklustre fuel demand in the world's largest oil consumer. UK shares ended higher on Thursday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a COVID-19 vaccine. For more on the factors affecting European stocks, please click on: LIVE/


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