UPDATE 1-UK Stocks-Factors to watch on May 11

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) May 11 (Reuters) - Britain's FTSE 100 index is seen opening higher on Thursday, with futures up 0.1%.


* ROLLS ROYCE: British engine maker Rolls-Royce said it performed as expected in the first part of the year, with flying hours recovering and steps taken by its new CEO to find savings putting it on track to meet 2023 targets.
* VODAFONE: Vodafone Group said the chief executive officer of its largest shareholder Emirates Telecommunications Group Co PJSC , also known as e&, will join the British telecommunications company's board.
* JD SPORTS: British sportswear retailer JD Sports Fashion Plc named Dominic Platt as its chief financial officer.



* ITV: British broadcaster ITV said total advertising revenue (TAR) in the first three months of the year was


down 10%, as expected.



* WOOD GROUP: John Wood Group said its first-quarter revenue


rose on the back of a steady demand across its business units.



* GENEL: Genel Energy scrapped its 2023 production forecast on Thursday, saying it was no longer valid amid the closure of the Iraq-Turkey Pipeline in March.



* MAN GROUP: Man Group said its chief executive Luke Ellis would


retire in September and be succeeded by the company's current president Robyn Grew.



* S4 CAPITAL: Martin Sorrell's advertising group S4 Capital SFOR.L said it was on course to


meet its full-year guidance.


* 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.


* 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; Editing by Dhanya Ann Thoppil)

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