UK Stocks-Factors to watch on May 5
May 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 39 points higher at 6,962 on Wednesday, according to financial bookmakers, with futures FFIc1 seen up 0.64% ahead of cash market open.
* ITV: ITV ITV.L said its advertising revenue was rebounding from the COVID-19 hit last year, with April up 68%, May expected to be up about 85% and June up between 85% and 90%.
* SIG: SIG SHI.L said it expects to deliver an underlying operating profit in the first half of 2021, returning to profitability earlier than expected.
* CRODA: Croda International CRDA.L announced a strategic review of two of its businesses, evaluating options including a full or partial sale.
* DIRECT LINE: Direct Line DLGD.L reported a 4.7% fall in gross written premiums in the first quarter.
* HISCOX: Hiscox HSX.L recorded a 6.3% rise in gross written premiums to 1.26 billion pounds in the first quarter.
* VIRGIN MONEY: Virgin Money VMUK.L reported improved half-year earnings, after setting aside less cash to cover pandemic-driven loan losses.
* BOOHOO: Boohoo BOOH.L reported a 37% jump in full-year core earnings.
* TESCO: Tesco TSCO.L has agreed to increase healthy food options at operations in Europe as well as Britain to appease investors who had filed a landmark shareholder resolution to force the issue.
* SHELL: HollyFrontier Corp HFC.N said on Tuesday it would buy a 149,000 barrel per day refinery in Washington from Shell RDSa.L as part of the European company's strategy to reduce its global refinery footprint.
* FINANCE: Deliveroo's ROO.L poor public debut in March has not put off other companies from listing in London, Britain's financial services minister said on Tuesday.
* AUTOS: British new car sales posted a 30-fold increase in April, according to preliminary data.
* GOLD: Gold prices ticked up, lifted by a retreat in the dollar, although gains were kept in check after U.S. Treasury Secretary Janet Yellen said interest rates may need to rise.
* OIL: Oil prices rose after industry data indicated U.S. crude stocks fell much more than expected last week.
* The UK blue-chip index .FTSE closed 0.7% lower on Tuesday as a drop in bond yields across Europe dragged financials stocks down.
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
Reporting by Priyanshi Mandhan 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.