UK Stocks-Factors to watch on May 30 (updated)

Lendinvest

30/05/2023 07:43

(Adds news items, updates futures)
       May 30 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening flat on Tuesday, with futures  FFIc1  up 0.01%.
    
    * HOME REIT: UK housing provider Home REIT  HOMEH.L  said an
internal probe into alleged wrongdoings showed a lack of
transparency on the part of its investment adviser had hampered
the company's assessment of financial strength of tenant base.
        * UNILEVER: Unilever Plc  ULVR.L  said CFO Graeme
Pitkethly would 
    retire
     from the consumer goods giant by the end of May 2024.
  
        * ASDA: British supermarket group Asda said it would 
    acquire
     petrol station operator EG Group's UK and Ireland business
to create a company with combined revenues of nearly 30 billion
pounds ($38 billion).
  
        * HOCHSCHILD: Hochschild Mining  HOCM.L  said CEO
Ignacio Bustamante will 
    step down
     from his role in the precious metals mining company by
late-August.
  
        * LENDINVEST: British non-bank lender LendInvest
 LINV.L  said it had 
    agreed
     to sell a portfolio of buy-to-let mortgages to Chetwood
Financial for 243 million pounds ($306.69 million).
  
    * HSBC: HSBC  HSBA.L  is set to announce next month that the
UK arm of Silicon Valley Bank will be renamed HSBC Innovation
Banking, Sky News reported on Monday. 
    * RETAILERS: The British government is looking at plans to
have retailers cap the prices of basic food items such as bread
and milk, the Telegraph reported.    
    * INFLATION: British shop price inflation picked up this
month to reach its highest rate since industry records began in
2005, although growth in food prices cooled slightly, a survey
showed on Tuesday.
    * UK's FTSE 100 gained on Friday, with mining stocks in the
lead tracking higher metal prices, while global miner Rio Tinto
surged after a brokerage upgrade.

    * 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 

 (Reporting by Muhammed Husain in Bengaluru; Editing by Sonia
Cheema)
 ((muhammed.husain@thomsonreuters.com))