UK Stocks-Factors to watch on May 7
Updates futures; adds items
May 7 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 1.03%.
* BP: BP BP.L reported first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower oil and gas prices and a U.S. refinery outage.
* ASSOCIATED BRITISH FOODS: Primark owner Associated British Foods ABF.L has not done a good enough job of explaining to investors the strategic logic, growth potential and value of its food businesses and must do better, its chief executive told Reuters.
* CONSUMER SPENDING: British consumers kept a tight rein on their spending last month, according to surveys on Tuesday that showed tepid activity even after accounting for the timing of the Easter holidays.
* HSBC: China's Ping An Insurance Group Co 601318.SS, 2318.HK the biggest Asian investor in HSBC HSBA.L, did not support reappointing chief executive Noel Quinn as a director to the board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday.
* SHELL: Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, four industry sources aware of the discussions said, and a deal could be worth up to $1 billion.
* SHELL: Shell SHEL.L will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday.
* CAR SALES: New car registrations in Britain recorded their 21st consecutive month of growth in April, preliminary industry data showed on Tuesday.
* OIL: Oil prices edged higher after Israel strikes Gaza, truce talks continued.
* UK CORPORATE DIARY:
BP | BP.L | Q1 results |
IWG | IWG.L | Q1 trading update |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
Reporting by Prerna Bedi and Eva Mathews in Bengaluru
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