UK Stocks-Factors to watch on May 17 (updated)
17/05/2023 07:45
(Adds news items, updates futures)
May 17 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Wednesday, with futures FFIc1 down
0.37%.
* BRITISH LAND: Property firm British Land Co Plc BLND.L
reported a drop in its property valuations, as elevated levels
of interest rates and broader economic worries dented sentiment
in the commercial real estate sector.
* JD SPORTS: JD Sports Fashion Plc JD.L said it
expected profit
to exceed
1 billion pounds for the first time this year as its offer
of trainers, joggers and hoodies continues to chime with young
shoppers.
* EXPERIAN: British credit data firm Experian Plc
EXPN.L said it expects its annual organic revenue
to grow
between 4% and 6% on the back of steady demand from
businesses and consumers.
* MITCHELLS & BUTLERS: Mitchells & Butlers PLC MAB.L
said its
cost outlook
in the medium term was improving, while the British pub
group reported a rise in sales growth for the past six weeks.
* SAGE: Sage SGE.L , a British provider of software to
small and medium-sized companies, upgraded its full-year
organic recurring revenue growth forecast
to around 11% after a strong first half.
* SHELL: Shell Plc SHEL.L will use AI-based technology
from big-data analytics firm SparkCognition in its deep sea
exploration and production to boost offshore oil output, the
companies said.
* LSEG: An investor consortium including U.S. buyout firm
Blackstone BX.N and Thomson Reuters TRI.TO , the publisher of
Reuters News, is looking to sell around $3 billion worth of
shares in the London Stock Exchange Group LSEG.L .
* Britain's FTSE 100 erased earlier gains and closed lower
on Tuesday, as losses in financial and energy stocks coupled
with weakness in China-exposed firms weighed.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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(Reporting by Muhammed Husain and Anandita Mehrotra in
Bengaluru; Editing by Dhanya Ann Thoppil)
((Muhammed.husain@thomsonreuters.com))