May 1, 2019 / 7:00 AM / 3 months ago

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

(Adds company news items and futures)

May 1 (Reuters) - Britain’s FTSE 100 index is seen opening 35 points higher at 7,454 on Wednesday, according to financial bookmakers, while FTSE 100 futures were up 0.52 percent ahead of the cash market open.

* LONDON STOCK EXCHANGE: London Stock Exchange Group Plc, reported higher quarterly income on Wednesday, as its clearing and information services businesses grew strongly against what it called a challenging market backdrop.

* IWG: British office space provider IWG Plc said on Wednesday revenue for the first quarter was up over 10 percent, driven by double digit growth across America, Europe and Middle East.

* PERSIMMON: Persimmon, Britain’s second-largest housebuilder, reported lower revenue from upcoming sales due to fewer reservations so far this year, and said the cost to build homes would rise by about 4 percent this year.

* INMARSAT: Inmarsat Plc reported a 13 percent fall in first-quarter core earnings on Wednesday, hit by lower sales at its maritime business and weak demand for its legacy products such as satellite phones.

* SAINSBURY: Sainsbury Chief Executive Mike Coupe said on Wednesday he was not going anywhere after the regulator blocked his plan to acquire rival Asda.

* SIRIUS: Sirius Minerals plc said on Wednesday it had raised $425 million to finance the next stage of its polyhalite mine in North Yorkshire. * NEXT: British clothing chain Next on Wednesday said warm weather over the Easter holiday drove a 4.5 percent rise in full-price first-quarter sales, beating its own forecasts of a 3.2 percent rise.

* RIO TINTO: Copper miner Rio Tinto Ltd, “firmly believes” that the United States and China will ink a trade deal, Chief Executive Jean-Sebastien Jacques told the CNBC television network on Tuesday.

* BP: Gambia’s government said on Tuesday it had signed a contract with BP to explore oil and gas off its coast.

* OIL: Oil prices fell on Wednesday after a report showed a rise in U.S. crude inventories, but global markets remained tense amid an intensifying political crisis in Venezuela, tightening U.S. sanctions on Iran, and ongoing OPEC supply cuts.

* GOLD: Gold prices eased on Wednesday on overnight gains in U.S. equities, while a May Day lull gripped most of Asian markets ahead of a closely monitored Federal Reserve decision on the future trajectory of interest rates.

* The UK blue-chip index closed down 0.3 percent as an unexpected slowdown in China’s April factory activity coupled with a firmer pound weighed on the FTSE 100 as miners and exporters weakened, even as Standard Chartered surged on buyback plans.

* For more on the factors affecting European stocks, please click on:

TODAY’S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Tanishaa Nadkar in Bengaluru)

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