UK Stocks-Factors to watch on May 3 (updated)
03/05/2023 07:43
(Adds news items, updates futures)
May 3 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening higher on Wednesday, with futures .FFIc1 up 0.4%.
* COCA COLA: Coca-Cola HBC AG CCH.L forecast full-year
profit growth to be at the
top end
of its guidance, aided by robust demand for its soft drinks
and executed price increases.
* HALEON: Haleon HLN.L , the world's biggest standalone
consumer health business, reported first-quarter profit
below
analyst expectations.
* BARRATT: Barratt Developments BDEV.L said on
Wednesday it expected its full-year profit to be
in line
with market forecasts as it became the latest major British
housebuilder to retain its annual build target.
* LLOYDS: Lloyds Banking Group LLOY.L
beat
profit expectations for the first quarter, as the
bellwether lender was buoyed by interest rate rises despite
Britain's tough economic outlook.
* OSB: British lender OSB Group Plc OSBO.L
raised
its full-year outlook for underlying net loan book growth
to 7% from about 5% earlier, aided by a rise in interest rates
and a revival in demand for mortgage loans.
* CINEWORLD: Bankrupt movie theater chain Cineworld CINE.L
received U.S. court approval on Tuesday to raise $2.26 billion
as part of its exit from bankruptcy, after reaching a settlement
with a minority faction of lenders that had opposed parts of the
exit financing.
* LSE: Britain's stock market rules could be radically
simplified as part of efforts to lure major company listings to
London, under detailed plans unveiled by the country's financial
watchdog on Tuesday.
* London's FTSE 100 reversed early gains to end Tuesday
lower as a slump in energy firms outweighed strong earnings from
Europe's biggest lender, HSBC, in the first quarter.
* For more on the factors affecting European stocks, please
click on: LIVE/
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(Reporting by Muhammed Husain in Bengaluru)
((Muhammed.husain@thomsonreuters.com))