Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

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

Published 04/05/2017, 05:10 pm
Updated 04/05/2017, 05:20 pm
© Reuters. UPDATE 1-UK Stocks-Factors to watch on May 4

(Adds company news, futures)

May 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points higher on Thursday, according to financial bookmakers, with futures FFIc1 up 0.5 percent ahead of the cash market open.

* ROYAL DUTCH: Royal Dutch Shell RDSa.L reported a sharp rise in net profit on Thursday, ahead of analyst forecasts and supported by stronger oil prices and improved refining margins. RSA: London-listed insurer RSA RSA.L posted a 14 percent rise in first-quarter net written premiums on Thursday and said operating profits were ahead of plan, helped by below-average weather-related losses. RANDGOLD: Randgold Resources RRS.L said profits and production fell in its first quarter while costs rose due to a labour strike at two of its mines. G4S (CO:G4S): Global security firm G4S GFS.L reported a strong start to the year on Thursday, with revenues up almost 9 percent thanks to good demand for its services around the world. LANCASHIRE: Insurer Lancashire Holdings Ltd LRE.L reported an 8 percent rise in first-quarter profit as it moderated its risk exposure against a tough underwriting environment. GLENCORE: Glencore GLEN.L on Thursday raised its full-year marketing EBIT (earnings before interest and tax) guidance to between $2.3 billion and $2.6 billion from $2.2 billion to $2.5 billion and said first quarter output experienced some weather-related disruption. MORRISONS: Morrisons MRW.L beat forecasts as Britain's fourth-biggest supermarket operator reported a sixth consecutive quarter of underlying sales growth. IMAGINATION: Imagination Technologies IMG.L said it had started a "dispute resolution procedure" with Apple AAPL.O , its biggest customer, after failing to resolve a standoff over licensing between the two companies. RIO: Global miner Rio Tinto (LON:RIO) RIO.AX, RIO.L said on Thursday it is watching for signs of a revival in domestic iron ore mining in China later this year to reduce reliance on imports amid firmer ore prices. NEXT: Britain's Next NXT.L lowered the top end of its profit forecast for the year on Thursday, saying the consumer environment remained challenging, as it reported a 3 percent fall in full-price sales for the 13 weeks to April 29. BHP: Australia warned on Thursday that a push by activist investor Elliott Management to ditch global miner BHP Billiton's BLT.L dual listing may be a criminal offence and could be subject to civil penalties. ROYAL BANK: Investor advisory firm Institutional Shareholder Services has advised shareholders in Royal Bank of Scotland RBS.L to vote against its remuneration policy next week because it is unclear how bonuses will be paid out to senior directors. ROYAL DUTCH: Royal Dutch Shell Plc RDSa.L resumed on Wednesday afternoon the restart of the heavy oil hydrocracker at its 235,000 barrel per day (bpd) Convent, Louisiana, refinery, said a source familiar with plant operations. GLENCORE: Miner-trader Glencore Plc GLEN.L has hired the Bank of Nova Scotia BNS.TO to sell a portfolio of royalties, including a royalty on the Antamina copper-zinc mine in Peru, four people familiar with the process told Reuters. OIL: Oil prices settled slightly higher on Wednesday after a choppy trading session as the market digested U.S. government data showing that while there were signs a crude glut may be receding, inventories remained large with gasoline demand weak. GOLD: Gold fell to a one-month low as the dollar firmed on Wednesday, after the U.S. Federal Reserve kept interest rates unchanged as expected and the market reduced expectations of a surprise win by France's far-right presidential candidate. COPPER: Copper tumbled 3.5 percent on Wednesday after hitting a three-week high in the previous session, as supply fears were eased by a large rise in stocks and worries over Chinese demand pulled down prices of steel and iron ore. EX-DIVS: Croda CRDA.L , InterContinental Hotels Group IHG.L , Kingfisher KGF.L , London Stock Exchange Group LSE.L , Unilever ULVR.L will trade without entitlement to their latest dividend pay-out on Thursday, trimming 3.1 points off the FTSE 100 according to Reuters calculations. The UK blue chip index closed down 0.2 percent at 7,234.53 points at its close on Wednesday, weighed down by weaker commodity stocks, while supermarket Sainsbury 's SBRY.L dropped after an underwhelming earnings update. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

: visit http://topnews.session.rservices.com

* For Top News : http://topnews.reuters.com

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.