UK Stocks-Factors to watch on May 6

May 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 6 points higher at 7,045 on Thursday, according to financial bookmakers, with futures FFIc1 seen up 0.09% ahead of cash market open.

* NEXT: Next NXT.L raised its 2021-22 profit forecast for the second time in two months as it reported better than expected first quarter trading.

* MELROSE: Melrose Industries MRON.L warned its growth would be hit by a shortage of semiconductors in the global automotive supply chain.

* BARRATT DEVELOPMENTS: Barratt Developments Plc BDEV.L said it expected to increase wholly-owned completions to between 16,000 and 16,250 homes this year, ahead of its previous estimates.

* ASTON MARTIN: Aston Martin AML.L posted a smaller first quarter loss in 2021 of 42.2 million pounds and said it continued to take steps towards profitability.

* SUPERDRY: Superdry SDRY.L said it returned to growth in its fourth quarter, helped by online and wholesale.

* REACH: Reach Plc RCH.L said its annual operating profit would come in above market expectations after it reported strong revenue growth from its digital business for the first four months of the year.

* ALPHAWAVE IP GROUP: Alphawave IPO Group has set a price range for its planned London listing of 375 pence to 430 pence per share, putting it on course for a valuation of up to 3.2 billion pounds, bookrunner JPMorgan said.

* CONSTRUCTION: Britain's construction sector is seeing the biggest increase in its workload in five years, led by a strong demand for housing and the resumption of other projects as the coronavirus pandemic eases, a quarterly survey showed.

* GOLD: Gold prices edged higher as a dip in U.S. treasury yields offset pressure from a stronger dollar.

* OIL: Oil prices rose as crude stockpiles in the United States fell more sharply than expected, as refining output rose and exports surged.

* The UK blue-chip index .FTSE closed 1.8% higher on Wednesday, supported by gains in heavyweight mining and banking stocks on recovery optimism.

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


> Financial Times

> Other business headlines

Reporting by Priyanshi Mandhan in Bengaluru; Editing by Vinay Dwivedi

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.