UPDATE 1-UK Stocks-Factors to watch on May 13

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on May 13
Credit: © Reuters.

(Adds news items, futures)

May 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 22 points lower at 6,983 on Thursday, according to financial bookmakers, with futures FFIc1 seen down 0.79% ahead of the cash market open.

* ROLLS ROYCE: Rolls-Royce RR.L stuck to its guidance to turn free cash flow positive at some point during the second half of 2021 as vaccinations kick in and travellers return to the skies. HARGREAVES LANSDOWN: Hargreaves Lansdown HRGV.L reported a rise in assets under administration during the past four months. BT: BT BT.L said it would extend its full-fibre broadband network to 25 million premises by the end of 2026. INTERTEK: Intertek Group ITRK.L agreed to buy private-equity owned SAI Global Assurance for A$855 million. BURBERRY: Burberry BRBY.L reported a 10% drop in sales for the year to end-March, weighed down by the COVID-19 pandemic. BEAZLEY: Beazley BEZG.L posted a 16% rise in gross written premiums to $971 million in the first quarter. ALPHAWAVE IP GROUP: Alphawave IP Group PLC IPO-ALP.L said it has sold 856 million pounds of shares in its London initial public offering. BP: A resolution from a climate activist group demanding BP BP.L set tougher emission reduction targets was supported by 20.6% of shareholder votes on Wednesday, pointing to growing investor pressure. HOUSE PRICES: A measure of British house price inflation hit its highest level in four decades in April as buyers raced to take advantage of an extended tax break just as sellers retreated from the market, a survey showed. GOLD: Gold edged up on hopes that the U.S. Federal Reserve would not raise interest rates anytime soon. OIL: Oil prices fell as concerns about the coronavirus crisis in India, tempered a rally driven by IEA and OPEC predictions that demand is coming back strong. The UK blue-chip index .FTSE closed 0.8% higher on Wednesday, supported by positive earnings updates from companies including Diageo (LON: DGE ). For more on the factors affecting European stocks, please click on: LIVE/


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