UK Stocks-Factors to watch on May 24



May 24(Reuters) - Britain's FTSE 100 index .FTSE is seen opening lower on Tuesday, with futures FFIc1 down 0.9%.

* ECONOMY: British public borrowing came in as forecast for April and last year's borrowing was revised down by more than 7 billion pounds, offering some relief for the government as it considers whether to offer more support for the cost of living crisis.

* SSP: SSP SSPG.L , which runs the Upper Crust chain of sandwich shops, said it expects sales to near pre-pandemic levels in the second half of the year, as people travel more and return to offices.

* BP: The Abu Dhabi National Oil Company (ADNOC) , oil major BP BP.L and Abu Dhabi future energy company Masdar have joined forces to develop clean hydrogen and technology hubs.

* ROLLS-ROYCE: Britain's Financial Reporting Council has fined KPMG 4.5 million pounds over its audit of Rolls-Royce RR.L more than a decade ago.

* RESTAURANT GROUP: The owner of British restaurant chain Wagamama projected food and drink inflation to reach 9%-10% this year, nearly double its estimate from two months ago, as the Ukraine conflict drives up commodity prices.

* CRANSWICK: Meat producer Cranswick CWK.L stood by its outlook for the current fiscal year, as it continues to keep a tight check on costs stemming from inflation, labour shortages, and supply chain issues, and it reported higher annual profit.

* BARCLAYS: Barclays BARC.L has fired the starting gun on a 1 billion pound share buy-back programme aimed at reducing its share capital after refiling accounts with U.S. authorities on Monday.

* AMIGO: British sub-prime lender Amigo AMGO.L has been granted court approval to pay compensation to past customers mis-sold loans and a chance to stay in business and resume lending, the company said on Monday.

* OIL: Oil prices fell by more than $1 as concerns over a possible recession and China's COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season.

* UK's top share index rose on Monday, aided by gains in financials and strength in resource-linked shares, while home improvement retailer Kingfisher rose after posting upbeat quarterly results.

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines


Reporting by Muhammed Husain and Shanima A in Bengaluru

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