UK Stocks-Factors to watch on May 11

Purplebricks

11/05/2023 06:21

May 11 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Thursday, with futures  FFIc1  up 0.2%.
    
    * HOME REIT: Investment firm Bluestar Group Ltd said that UK
housing provider Home REIT  HOMEH.L  and its advisers have
decided that they will not extend the deadline for Bluestar to
make a firm offer for the company.
    * TESCO: The Guardian newspaper reported that John Allan,
the chairman of Britain's biggest retailer Tesco  TSCO.L , was
facing claims of inappropriate behaviour from four women.
    * PURPLEBRICKS: Britain's biggest online-only estate agency
Purplebricks  PURP.L  granted Strike Limited an exclusive short
period to negotiate a possible sale as the smaller rival said it
did not intend to make an offer.
    * BOE: The Bank of England is poised to raise borrowing
costs for the 12th meeting in a row on Thursday, as it tries to
tackle stubbornly high inflation that stands at double the level
of the United States and much higher than in the euro zone too.
    * OIL: Oil prices bounced back on Thursday after dropping by
more than a dollar a barrel the previous day, supported by
stronger fuel demand data from the United States, the world's
top oil consumer.
    * Britain's top equity index slipped as strength in sterling
weighed on dollar earners such as Unilever ahead of the Bank of
England's policy decision on Thursday, when it is seen raising
interest rates further.
    
    * UK CORPORATE DIARY:   
  Airtel Africa     AAF.L          Final results 
  Grainger Plc      GRI.L         Interim results
 TBC Bank Group    TBCG.L            Q1 results
   Rolls-Royce      RR.L         Trading statement
     IQE Plc        IQE.L            FY results
    3i Group       III.L             FY results
 John Wood Group    WG.L         trading statement 
       ITV          ITV.L        trading statement 
        
  
    * 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)
 ((Muhammed.husain@thomsonreuters.com))