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

Published 11/05/2021, 07:49
Updated 11/05/2021, 07:54
© Reuters.

(Adds news items, futures)
May 11 (Reuters) - 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. * 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. * 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. * 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. * 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%. * 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. * 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. * ASTRAZENECA: AstraZeneca (NASDAQ:AZN) 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.
* GOLD: Gold prices inched up as a weaker dollar and a pullback in Treasury
yields boosted the metal's appeal. * OIL: Oil prices fell as fears of prolonged outage of the largest U.S. fuel
pipeline system, Colonial Pipeline, faded. * 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. * 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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