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UK Stocks-Factors to watch on May 11

05/11/2021 01:02
UK Stocks-Factors to watch on May 11

- Britain's FTSE 100 .FTSE index is seen opening 84 points lower at 7,039 on Tuesday, according to financial bookmakers.


* SSE: SSE SSE.L and Equinor EQNR.OL announced they were jointly developing a new gas-fired power plant equipped with carbon capture technology (CCS) at Peterhead in Scotland.nL8N2MX5XA

* THG: THG Plc THG.L said it was raising $1 billion in fresh capital, including about $730 million from a unit of SoftBank Group 9984.T, and the remainder from other investors.nL4N2MX479

* NATWEST: The British government kicked off the sale of a further stake in taxpayer-backed NatWest Group NWG.L, edging it a step closer to private ownership more than a decade since its rescue in the financial crisis.nL8N2MX53K

* 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. nL1N2MX1G4

* CONSUMERS: British shoppers bought warm clothes to meet friends and family outdoors - part of a broader rise in retail spending last month as many shops re-opened - and people booked more summer holidays in the United Kingdom, surveys showed.nL9N2DP00I

* GOLD: Gold prices held steady as investors awaited U.S. consumer price data due later this week to measure whether inflationary pressure was building.nL4N2MY0WC

* OIL: Oil prices fell as the prospect of the main U.S. East Coast gasoline pipeline remaining shut for the rest of this week led some U.S. Gulf Coast refiners to cut output, denting their appetite for crude.nL4N2MX4V4

* 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.nL4N2MX1YQ


* UK CORPORATE DIARY:


MRW.L

WM Morrison

Trading update

ARWA.L

Arrow Global

Trading update


* 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;
Editing by Vinay Dwivedi)

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