UPDATE 1-UK Stocks-Factors to watch on May 4

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) May 4 (Reuters) - Britain's FTSE 100 index is seen opening lower on Thursday, with futures down 0.37%.


* SHELL: Shell made a net profit of $9.65 billion in the first three months of the year, dropping slightly from the previous quarter as energy prices cooled but still beating forecasts.
* HARGREAVES LANSDOWN :Investment platform Hargreaves Lansdown Plc a jump in its assets under administration for a three-month period.
* LIONTRUST: British asset manager Liontrust said it had conditionally agreed to acquire GAM Holding AG, in a CHF 107 million deal.


* MOTHERCARE: Baby products retailer Mothercare had begun discussions with its lender to change, renegotiate, or refinance its debt facility due to higher interest rates.
* VIRGIN MONEY UK: Lender Virgin Money Uk reported fall in half-year profit, hurt by higher provisions for its bad loans as customers struggled to pay back loans amid a cost-of-living crisis.
* BAE SYSTEMS: Defence company Bae Systems , stuck to guidance for earnings to rise again this year, as orders continued to come in.
* NEXT: British fashion retailer Next maintained its guidance for annual profit after reporting a slightly better-than-expected 0.7% decline in first-quarter full-price sales.
* SMMT: British new car registrations rose for the ninth consecutive month in April, when it increased by more than 10% in April from a year earlier, according to preliminary industry data released by the Society of Motor Manufacturers and Traders (SMMT).
* VODAFONE: Vodafone and CK Hutchison are close to agreeing to a 15 billion pounds (about $19 billion) combination of their UK telecoms businesses that would create the country's biggest mobile operator, the Financial Times reported on Thursday.


* 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 Saikeerthi in Bengaluru)

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