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UK Stocks-Factors to watch on May 5

Published 05/05/2021, 06:19
Updated 05/05/2021, 06:24
© Reuters.

May 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 39 points
higher at 6,962 on Wednesday, according to financial bookmakers.

* TESCO: Tesco TSCO.L has agreed to increase healthy food options at
operations in Europe as well as Britain to appease investors who had filed a
landmark shareholder resolution to force the issue. * SHELL: HollyFrontier Corp HFC.N said on Tuesday it would buy a 149,000
barrel per day refinery in Washington from Shell RDSa.L as part of the
European company's strategy to reduce its global refinery footprint. * FINANCE: Deliveroo's ROO.L poor public debut in March has not put off
other companies from listing in London, Britain's financial services minister
said on Tuesday. * AUTOS: British new car sales posted a 30-fold increase in April, according
to preliminary data, as dealerships reopened to the public in England and
compared to the same time last year when the first national lockdown almost
completely wiped out volumes. * GOLD: Gold prices ticked up, lifted by a retreat in the dollar, although
gains were kept in check after U.S. Treasury Secretary Janet Yellen said
interest rates may need to rise. * OIL: Oil prices rose nearly 1% after industry data estimated U.S. crude
stockpiles fell much more than expected last week reinforcing bullish views on
fuel demand in the world's largest economy. * The UK blue-chip index .FTSE closed 0.7% lower on Tuesday as a drop in
bond yields across Europe dragged financials stocks down. UK CORPORATE DIARY:
VMUK.L Virgin Money UK HY results
DLGD.L Direct Line Trading update
HSX.L Hiscox Trading update
OSBO.L OSB Group Trading update
BOOH.L Boohoo FY results
ITV.L ITV Plc Trading update

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* 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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