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

Published 11/05/2020, 07:35
Updated 11/05/2020, 07:36
© Reuters.
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(Adds futures, news items)
May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen
opening 47 points higher on Monday, according to financial
bookmakers, with futures FFIc1 up 0.8% ahead of cash market
open.

* DIGNITY: Dignity DTY.L said it would not provide
financial outlook for 2020 and beyond, and reported an 11% fall
in first-quarter operating profit as customers opted for
lower-cost funeral services amid the coronavirus pandemic.
* EASYJET: Britain's easyJet EZJ.L urged the government to
keep any quarantine requirements on travellers arriving in the
UK for only a short period, as airlines face a new threat to
their survival. * HSBC: HSBC Holdings HSBA.L has alleged that
Singapore-based Zenrock Commodities Trading Pte Ltd engaged in a
series of "highly dishonest transactions" which included using
the same oil cargo to obtain loans from at least two different
lenders, according to a court document seen by Reuters.
* FURLOUGHS: Britain's Coronavirus Job Retention Scheme is
set to be extended until the end of September, at a reduced rate
of 60 percent, while also topping up the pay packets of staff
brought back to work on a part-time basis, The Telegraph
reported late on Sunday. * RETAILERS: British retailers have warned the government
that its business bailout package of reliefs, grants and loans
will not be sufficient to stop the "imminent collapse of many
businesses". * LOCKDOWN: The coronavirus lockdown will not end yet,
British Prime Minister Boris Johnson said on Sunday, urging
people to "stay alert" to the risks as he outlined plans to
begin slowly easing measures that have closed much of the
economy for seven weeks. * BP MIDSTREAM PARTNERS : Volumes on BP Midstream Partners
LP's BPMP.N onshore U.S. oil pipelines began to fall late in
the first quarter as demand destruction caused by the
coronavirus pandemic began to take hold, officials with the
company said on Friday. * OIL: Oil prices fell as concern over a persistent glut and
economic gloom caused by the coronavirus pandemic combined to
cancel out support from supply cuts at some of the world's top
producers. O/R
* GOLD: Gold prices rose, holding above the key $1,700 per
ounce support level, as a new wave of coronavirus infections in
some countries raised expectations of more stimulus measures and
lower interest rates. GOL/
* Britain's stock markets ended a shortened week on a
positive note on Thursday as a surprise rise in Chinese exports
fed into hopes for a swift recovery from a coronavirus-led
recession. * 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

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