UK Stocks-Factors to watch on May 12

May 12 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening lower on Thursday, with futures FFIc1 down 1.5%.

* ROLLS-ROYCE: Rolls-Royce RR.L traded in line with expectations in the first four months of the year, the engine manufacturer said on Thursday, helped by a gradual return to flying and increased government investment in defence.

* BT: BT, Britain's biggest broadband and mobile operator, said it had finalised the deal to combine its sports broadcasting unit with Discovery Inc DISCA.O , as it met expectations with a 2% rise in core earnings for the year to end-March

* COCA COLA HBC: Soft drinks bottler Coca-Cola HBC AG CCH.L said on Thursday it will evaluate all options for its Russian operations and have a smaller presence in the country, focussing on local brands.

* SUPERDRY: Britain's Superdry SDRY.L said on Thursday the group's annual sales grew 8% as its stores reopened after the lifting of COVID-induced curbs, but the fashion retailer added that footfall remained significantly below pre-pandemic levels.

* JD SPORTS: Britain's JD Sports Fashion JD.L said on Thursday its like-for-like sales in the 14 weeks ended May 7 climbed over 5% from year-ago levels, as people spent more on athleisure wear and sportswear.

* HOCHSCHILD MINING: Hochschild Mining HOCM.L plans to invest about $200 million in the construction of a gold mine in Brazil, a project it will launch in the second quarter of the year, Chief Executive Officer Ignacio Bustamante told Reuters on Wednesday.

* TESCO: Britain's biggest retailer TSCO.L has tied-up with office rental firm IWG IWG.L so that people can use their local supermarket as an office.

* VODAFONE GROUP: Vodafone Group Plc VOD.L is in talks to merge its UK operations with Three UK, which is owned by Hong Kong-based CK Hutchison Holdings Ltd 0001.HK , the Financial Times reported on Wednesday, citing people with direct knowledge of the matter.

* Britain's FTSE 100 ended higher on Wednesday as energy and mining shares rallied on the back of higher commodity prices and Compass Group posted a strong earnings report.

* For more on the factors affecting European stocks, please click on:


> Financial Times

> Other business headlines

Reporting by Muhammed Husain in Bengaluru

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.