UPDATE 1-UK Stocks-Factors to watch on May 9

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) May 9 (Reuters) - Britain's FTSE 100 index is seen opening higher on Tuesday, with futures up 0.11%.


* JD Sports: Britain's biggest sportswear retailer JD Sports Fashion said it proposed to acquire Courir, in a deal that values the France-based sportswear retailer at 520 million euros ($572.4 million).
* ENQUEST: Oil producer Enquest said it signed an agreement with Petronas to produce additional gas from the Seligi field in Malaysia through existing infrastructure until the end of 2025.
* PURPLEBRICKS: Purplebricks Group said its previous expectation of returning to cash generation in early financial year 2024 was


unlikely , as Britain's biggest online-only estate agency explores a sale to turn its fortunes around.



* JOULES GROUP: Britain's accounting watchdog said it had opened an


investigation into Deloitte's audit of clothing retailer Joules Group plc.



* DCC: Ireland-headquartered energy to distribution group DCC said chief executive Donal Murphy will temporarily


step back from work to address a medical condition, with chief financial officer Kevin Lucey taking on his day-to-day responsibilities.


* ROYAL MAIL: Royal Mail's parent could announce the UK postal services firm's CEO Simon Thompson's exit as soon as this week, Sky News reported on Monday.


* STANDARD CHARTERED: Standard Chartered Chief Executive Bill Winters said on Monday he sees a big recession in the United States as unlikely, although a period of negative growth was possible.
* Gains in financial and energy shares helped lift the UK's FTSE 100 on Friday, in a roller-coaster week marked by interest rate hikes from major central banks as well as renewed concerns about the U.S. banking system.


* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Muhammed Husain in Bengaluru)

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