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UPDATE 1-UK Stocks-Factors to watch on May 31
May 31, 2017 / 6:53 AM / 6 months ago

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

 (Adds company news items, futures)
    May 31 (Reuters) - Britain's FTSE 100 index is seen opening up 8
points at 7,535 on Wednesday, according to financial bookmakers, with futures
 up 0.2 percent ahead of the cash market open. 
    
    * IG GROUP: IG Group Holdings Plc, a British online trading company,
said it expected full-year pretax profit and earnings to be "modestly" ahead of
last year, with full-year revenue seen rising about 7 percent.
    * INDIVIOR: British drugmaker Indivior Plc said on Tuesday it
applied for a new drug application to the U.S. Food and Drug Administration to
market its drug to treat opioid use disorder (OUD).
    * NEX GROUP: UK-based financial broker NEX Group said its finance
head, Stuart Bridges, had stepped down from the board and would leave the
company later in the year.
    * LONDONMETRIC: British retail space developer LondonMetric Property Plc
 expects logistics space to soon represent over 70 percent of its
investment as newer developments complete and its portfolio grows, it said on
Wednesday.
    * ANTOFAGASTA: Chilean mining company Antofagasta Minerals has sold
its minority stake in a solar park in northern Chile, and will launch a power
auction for one of its copper mines, the company said on Tuesday.
    * TESCO: Tesco Chief Executive Dave Lewis has been called as a
prosecution witness in the trial of three former senior executives accused of
fraud and false accounting at Britain's biggest retailer, a court heard on
Tuesday.
    * EU MARKETS REGULATOR: The European Union's securities watchdog wants new
powers over clearing houses, credit rating agencies and some financial
benchmarks that operate in the EU but are based outside the bloc, as Brexit
ushers in fundamental changes to markets.
    * BRITAIN ECONOMY: British consumer confidence edged up to a four-month high
in May but households stayed downbeat about the economic outlook, with inflation
since last year's Brexit vote feeding into prices in stores, two surveys showed.

    * The UK blue chip index was down 0.3 percent at close on Tuesday as
sterling recouped some of last week's losses less than two weeks before a
general election that will shape talks for the country's exit from the European
Union.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:
 Londonmetric Property Plc                 Full-Year
     Telford Homes Plc                     Full-Year
          IG Group                     Trading Statement
        
    TODAY'S UK PAPERS
    > Financial Times                     
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 (Reporting by Rahul B in Bengaluru)
  

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