UK Stocks-Factors to watch on May 6 (updated)

MccollS Retail

06/05/2022 07:39

(Adds news items)
    May 6 (Reuters) - Britain's FTSE 100 index  .FTSE  is seen
opening lower on Friday, with futures  FFIc1  down 0.17%.
    
    * IHG: Intercontinental Hotels Group  IHG.L  signalled a
sharp recovery in the hospitality sector as people gradually
resume leisure and business travel after countries eased
pandemic-related restrictions.  urn:newsml:reuters.com:*:nL3N2WY0YT
    * IAG: British Airways-owner IAG  ICAG.L  said it had seen a
strong recovery in business travel in the first quarter and it
expected to be profitable from the second quarter onwards and
for the full year.  urn:newsml:reuters.com:*:nTUC2P4CCC
    * BEAZLEY: Beazley Plc  BEZG.L  said it had set aside about
$50 million for expected losses related to the Russia-Ukraine
crisis, after the British insurer reported a surge in quarterly
gross written premiums.  urn:newsml:reuters.com:*:nL3N2WY10B
    * S4 CAPITAL: Martin Sorrell's S4 Capital  SFOR.L  said it
expected to enjoy a good year in 2022 despite the deteriorating
global economic outlook, as it published its 2021 results that
were delayed by an audit hold up.  urn:newsml:reuters.com:*:nFWN2WY0GW
    * 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
    * 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
    
    * For more on the factors affecting European stocks, please
click on:  LIVE/     
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 (Reporting by Amna Karimi in Bengaluru;
Editing by Vinay Dwivedi)
 ((amna.karimi@thomsonreuters.com))