UPDATE 1-UK Stocks-Factors to watch on May 8

jueves 8 de mayo de 2014 02:44 GYT
 

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LONDON May 8 (Reuters) - Britain's FTSE 100 index is seen opening up by 5 to 7 points, or 0.1 percent, on Thursday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* June futures for the index are up 0.16 percent by 0642 GMT.

* The blue-chip FTSE 100 index closed down 2.12 points - flat in percentage terms - at 6,796.44 points on Wednesday. The index reached a two-month closing high last Friday after five straight days of gains but has since stalled after that move up.

* STANDARD CHARTERED - The bank said its first-quarter profit fell by a high single-digit percentage compared with last year, thanks to tough market conditions and weakness in Asian currencies including the Indian rupee and Indonesian rupiah.

* BARCLAYS - The bank said it will cut 19,000 jobs in the next three years and set up a "bad bank" of assets to run down as it tries to get a turnaround plan back on track by cutting costs and lifting profitability.

* MORRISONS - Britain's No. 4 grocer posted a worsening fall in quarterly underlying sales, hurt by its move to cut prices to combat a loss of market share to discounters and by its relative lack of exposure to fast growing online and convenience markets.

* BT - Strong demand for fibre broadband and television helped Britain's BT report its first growth in consumer revenues in a decade and strong overall full-year results.

* IMI - The British engineering company reported a 4 percent decline in group revenue for the first four months of the year, hurt by the impact of a strong pound.   Continuación...