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

05/11/2021 02:49
UPDATE 1-UK Stocks-Factors to watch on May 11

Adds news items, futures

- 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.nL8N2MY1PA

* CAPITA: Capita CPI.L said it would appoint G4S executive Tim Weller as its finance chief, replacing Gordon Boyd who was with the company on a temporary basis.nL4N2MY1U2

* 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.nASN0016HK

* 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.nL8N2MY1KV

* 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%.nL8N2MY1LI

* 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.nL8N2MX5XA

* 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.nL4N2MY1HU

* 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

* GOLD: Gold prices inched up as a weaker dollar and a pullback in Treasury yields boosted the metal's appeal.nL4N2MY0WC

* OIL: Oil prices fell as fears of prolonged outage of the largest U.S. fuel pipeline system, Colonial Pipeline, faded.nL1N2MY089

* 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



* 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;))