UK Stocks-Factors to watch on May 6

MccollS Retail

06/05/2022 06:00

May 6 (Reuters) - Britain's FTSE 100 index  .FTSE  is seen
opening lower on Friday, with futures  FFIc1  down 0.25%.
    
    * EVRAZ: The British government said it had sanctioned
Evraz, whose biggest shareholder is sanctioned billionaire Roman
Abramovich, in response to Russia's invasion of Ukraine.
 urn:newsml:reuters.com:*:nL5N2WX8BM
    * MCCOLL'S: Struggling British convenience shop chain
 MCLSM.L  said it was increasingly likely that the group would
be placed into administration, a move that could put thousands
of jobs at peril.  urn:newsml:reuters.com:*:nL3N2WX2XK
    * PRIMARK: Primark has pledged to train an additional
125,000 smallholder cotton farmers in more sustainable farming
methods in India, Pakistan and Bangladesh by the end of 2023.
 urn:newsml:reuters.com:*:nL5N2WX7BD
    * VIRGIN MONEY UK: British bank  VMUK.L  posted a jump in
half-year profits, but disappointed some investors by not
announcing a share buyback plan, sending its shares down 10%. 
 urn:newsml:reuters.com:*:nL3N2WX0R6
    * TESCO: The trade body for Britain's pig industry told
Tesco  TSCO.L  it needs to do more to support struggling
producers or risk losing its UK pork supply base.  urn:newsml:reuters.com:*:nL2N2WX2VO
    * GOLD: Gold prices edged lower, on track for a third
straight weekly loss as the U.S. dollar and Treasury yields
rallied on a hawkish U.S. Federal Reserve stance, with investors
awaiting U.S. jobs data due later in the day.  urn:newsml:reuters.com:*:nL2N2WY038
    * OIL: Oil prices climbed for a third straight session,
shrugging off concerns about global economic growth as worries
about tightening supplies underpinned prices ahead of an
impending European Union embargo on Russian oil.  urn:newsml:reuters.com:*:nL2N2WY01P
    * FTSE 100: Britain's blue-chip index closed slightly higher
on Thursday, supported by strong earnings from energy major
Shell and a slump in sterling after the Bank of England (BoE)
warned the UK economy was at risk of a recession.  urn:newsml:reuters.com:*:nL3N2WX0Z4
    
    * UK CORPORATE DIARY:       
    
 Spirent Communications   SPT.L        Q1 Trading Update
 Beazley                  BEZG.L       Q1 Interim Statement
 IHG                      IHG.L        Q1 results 
    
    * For more on the factors affecting European stocks, please
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    TODAY'S UK PAPERS
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    > Other business headlines              PRESS/GB 

 (Reporting by Amna Karimi in Bengaluru)
 ((amna.karimi@thomsonreuters.com))