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UPDATE 1-UK Stocks-Factors to watch on May 10

05/10/2021 02:42
UPDATE 1-UK Stocks-Factors to watch on May 10

Adds news items

- Futures for Britain's FTSE 100 index FFIc1 were up 0.40% at 7,131 on Monday.


* DIGNITY: Dignity Plc DTY.L reported a 35% jump in first-quarter profit due to a rise in demand for funeral services amid the COVID-19 pandemic.nL4N2MX1K8

* PROVIDENT FINANCIAL: Provident Financial PFG.L called it quits on its doorstep-lending division, putting 2,100 jobs at risk.nL4N2MX1IS

* GREGGS: Greggs GRG.L raised its profit outlook after a strong recovery in sales following the easing of COVID-19 restrictions.nL8N2MX14L

* ASTRAZENECA: AstraZeneca Plc AZN.L may skip asking the U.S. Food and Drug Administration for emergency-use authorization for its COVID-19 vaccine and instead pursue the more time-intensive application for a full-fledged license to sell the shot, the Wall Street Journal reported on Friday.nL1N2MU2O3

* COVID-19: British Prime Minister Boris Johnson will hold a press conference later today about how the country will move into the next phase of reopening from the COVID-19 lockdown, junior minister Nadine Dorries said.nL8N2MX153

* TRADE: Companies in freeports in Britain will not get to enjoy the full benefits of the new tax-efficient zones if they are exporting to certain countries including Canada, Norway, Switzerland and Singapore, the Financial Times reported on Sunday.nFWN2MU2KU

* GOLD: Gold prices inched higher after weaker-than-expected U.S. jobs data supported hopes that interest rates will remain low for some time, bolstering the metal's appeal.nL4N2MX0T4

* OIL: Crude prices rose after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States and highlighted the fragility of its oil infrastructure.nL1N2MX059

* The UK blue-chip index .FTSE closed 0.7% higher on Friday as hopes of a stronger economic recovery lifted industrial and consumer discretionary stocks, while Meggitt MGGT.L shares soared on a takeover report.nL4N2MU21G


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

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB


(Reporting by Priyanshi Mandhan in Bengaluru)

(([email protected]; +91 9650985606;))