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UPDATE 1-UK Stocks-Factors to watch on April 27
Published at 27/04/2021 at 07:47

(Adds news items) Britain's FTSE futures seen down 0.1% ahead of cash market open on Tuesday.

* BP: BP's first-quarter profit more than tripled from a year earlier to $2.6 billion, exceeding expectations, boosted by stronger oil prices and bumper revenue from natural gas trading.

* AVEVA GROUP: Aveva Group said its chief executive Craig Hayman had decided to quit and Peter Herweck would be seconded from its major shareholder Schneider Electric SCHN.PA as his replacement from May 1.

* IWG PLC: Office rental firm IWG Plc said it has witnessed "unprecedented demand" for its flexible work products, suitable for a combination of office and remote work that has become the norm during the COVID-19 pandemic.

* WHITBREAD: Premier-Inn owner Whitbread reported an annual loss of about $1.4 billion after COVID-19 curbs crimped all major travel in Britain for most of 2020, and said it expects a "significant" bounce in leisure demand in the summer.

* RIO TINTO: UBS named Rio Tinto legal executive Barbara Levi as its new general counsel, replacing Markus Diethelm who will retire in November.

* HSBC: HSBC Holdings reported better-than-expected quarterly profit and released $400 million it had set aside to cover pandemic-induced bad loans, as successful vaccine rollouts in key markets promised a brighter economic outlook.

* ENTAIN: Entain has made a A$3.5 billion ($2.73 billion) proposal to buy Tabcorp Holdings' struggling wagering and media business, the British sports betting firm said on Tuesday.

* DARKTRACE: The books for the listing of British cybersecurity company Darktrace have been covered on the first day of the road show, a source familiar with the matter said on Monday.

* ASTRAZENECA: The United States will start to share up to 60 million doses of AstraZeneca Plc's COVID-19 vaccine with other countries in the coming months after a federal safety review, the Associated Press reported on Monday, citing the White House.

* OIL: Oil prices rebounded after falling in the previous session, but gains are likely to be capped amid growing concerns over fuel demand in India, the world's third-biggest crude importer, now slammed by spiralling new coronavirus cases.

* London's FTSE-100 rose on Monday as mining and financial shares benefitted from growing hopes of an economic recovery, while a surge in shares of engineering firm IMI helped the mid-cap index outperform its blue-chip counterpart.

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


> Financial Times

> Other business headlines

(Reporting by Indranil Sarkar in Bengaluru; Editing by Vinay Dwivedi)

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