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

Renishaw

06/05/2026 07:49

Adds new items, updates futures

May 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 1.13%.

* DIAGEO: Diageo DGE.L posted a surprise 0.3% growth in quarterly organic net sales as strength in Europe and Latin America offset weakness in the U.S.

* NEXT: Next NXT.L plans to mitigate the cost increases caused by the Iran war with "moderate" price rises in some international markets and cost savings elsewhere.

* SMITH+NEPHEW: Smith+Nephew SN.L posted a 3.1% rise in first-quarter underlying revenue and kept its annual outlook unchanged while announcing a $500 million share buyback.

* J D WETHERSPOON: J D Wetherspoon JDW.L reiterated concerns that higher energy costs and taxes will weigh on its annual profit.

* RENISHAW: Renishaw RSW.L said it was facing tight supply chains for certain semiconductors and critical materials amid the Iran war, which the company said had also affected its logistical costs.

* KINGFISHER: Kingfisher KGF.L said Chief Executive Thierry Garnier will step down after nearly seven years in the role and serve a 12‑month notice period.

* SANTANDER UK: Spanish lender Santander SAN.MC plans to retire the TSB brand name a year after announcing its acquisition of Banco Sabadell's British unit, the Financial Times reported, with the combined business operating as Santander UK once the integration is complete.

* RETAILERS: Britain's retail sector called on the government to help with soaring costs as a result of the Iran war on Wednesday, warning that without support it will be harder to keep a lid on rising prices for consumers.

* COMMODITIES: Oil prices fell for a second day, gold prices rose 2%, and copper prices rose.

* 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

 (Compiled by Roshni Srivastava and Neeshita Beura in Bengaluru)

 ((roshni.srivastava@thomsonreuters.com))