UK Stocks-Factors to watch on Wednesday May 20
(Adds company news, futures)
LONDON May 20 (Reuters) - Britain's FTSE 100 was set to edge higher on Wednesday, with futures on the index up 0.2 percent higher ahead of the cash market open. For more on the factors affecting European stocks, please click on
* The blue-chip FTSE 100 index closed up 26.23 points, or 0.4 percent at 6,995.10, led by Land Securities after it raised its dividend payout.
* MARKS & SPENCER - British retailer Marks & Spencer posted its first rise in annual profit in four years and said it would return excess cash to shareholders, fuelling hopes that it has finally rediscovered a successful formula.
* THOMAS COOK - Travel firm Thomas Cook said that dividend payments could resume next year as it stuck to its forecast for full-year growth, in the face of a backlash in Britain over its handling of the death in 2006 of two children on one of its holidays.