UK Stocks-Factors to watch on May 11

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 11 (Reuters) - Britain's FTSE 100 index is seen opening higher on Thursday, with futures up 0.2%.


* HOME REIT: Investment firm Bluestar Group Ltd said that UK housing provider Home REIT and its advisers have decided that they will not extend the deadline for Bluestar to make a firm offer for the company.
* TESCO: The Guardian newspaper reported that John Allan, the chairman of Britain's biggest retailer Tesco , was facing claims of inappropriate behaviour from four women.
* PURPLEBRICKS: Britain's biggest online-only estate agency Purplebricks granted Strike Limited an exclusive short period to negotiate a possible sale as the smaller rival said it did not intend to make an offer.
* BOE: The Bank of England is poised to raise borrowing costs for the 12th meeting in a row on Thursday, as it tries to tackle stubbornly high inflation that stands at double the level of the United States and much higher than in the euro zone too.
* OIL: Oil prices bounced back on Thursday after dropping by more than a dollar a barrel the previous day, supported by stronger fuel demand data from the United States, the world's top oil consumer.
* Britain's top equity index slipped as strength in sterling weighed on dollar earners such as Unilever ahead of the Bank of England's policy decision on Thursday, when it is seen raising interest rates further.


* UK CORPORATE DIARY:
Airtel Africa Final results
Grainger Plc Interim results TBC Bank Group Q1 results Rolls-Royce Trading statement IQE Plc FY results 3i Group FY results John Wood Group trading statement


ITV trading statement




* 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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