May 31, 2019 / 6:49 AM / a year ago

UPDATE 1-UK Stocks-Factors to watch on May 31

(Adds futures and company news items)

May 31 (Reuters) - Britain’s FTSE 100 index is seen 26 points lower at 7,192 on Friday, according to financial bookmakers, with futures down 0.6% ahead of the cash market open.

* WIZZ AIR: Low cost carrier Wizz Air said it was optimistic for the year ahead and would grow its net profit after delivering solid results on Friday, saying it was well-placed to navigate an environment of higher fuel costs.

* RANK GROUP, STRIDE GAMING: Casino and gaming operator Rank Group Plc said on Friday that it was in advanced discussions over a possible all cash offer for online peer Stride Gaming Plc.

* LEGAL & GENERAL: Britain’s Legal & General Group will sell its general insurance business to a UK subsidiary of Germany’s Allianz for 242 million pounds ($305 million), the companies said on Friday.

* HSBC: HSBC is set to cut several hundred jobs in its investment banking business by the end of the year, according to a source familiar with the matter, as it seeks to improve returns.

* GOLD: Gold prices rose on Friday, heading towards their first monthly gain since January on increased safe-haven demand, after U.S. President Donald Trump vowed to levy tariffs on all Mexican imports, ratcheting up concerns of a global economic slowdown.

* OIL: Oil prices fell on Friday and were on track for their biggest monthly fall since November as trade conflicts spread and U.S. crude output returned to record levels.

* The UK blue chip index rose 0.5% on Thursday as the pound slipped on concerns that outgoing Prime Minister Theresa May’s successor might push for a hard Brexit, helping more internationally focused stocks gain.

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


> Financial Times

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

Nuestros Estándares:Los principios Thomson Reuters
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