REFILE-UK Stocks -- Factors to watch on May 6

(Refiles to fix Reuters Identification Code for CSR)

LONDON, May 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening
15-23 points, or as much as 0.5 lower on Wednesday, according to financial
bookmakers, retreating with global markets after solid gains in the previous
session and with a big batch of corporate and economic news to digest.

The UK blue chip index closed 93.72 points, or 2.2 percent higher on Tuesday
at 4,336.94 buoyed by strength in banks and heavyweight commodity issues.

Banks could retreat on Wednesday, however, after news Bank of America
(BAC.N) needs to raise fresh capital.

A source familiar with the results of the U.S. government stress tests told
Reuters late on Tuesday that Bank of America has been deemed to need as much as
$34 billion in additional capital. A Bank of America spokesman declined comment.
[ID:nN05520304].

Britain's economy will shrink 4.3 percent this year, its sharpest decline
since the aftermath of World War Two, before staging a moderate export-driven
recovery in 2010, a leading academic thinktank forecast on Wednesday.

The National Institute of Economic and Social Research said the quarterly
growth forecast was gloomier than its last one in February because slumping
global trade made the earlier estimate of 2.7 percent contraction too
optimistic. [ID:nL564092]

But British consumer morale enjoyed its biggest monthly boost last month in
two years as people sensed the worst of the recession may have passed, a survey
showed on Wednesday.

The Nationwide Building Society's consumer confidence index rose to 50 last
month from 42 in March. The eight-point rise was the most marked improvement in
the index since May 2007 while the level was the highest since December.
[ID:nL5225698]

And British shop price inflation slowed markedly in April as food price
inflation dropped for the first time this year, the British Retail Consortium
said. [ID:nL5274085]

Lender Halifax will release its monthly house price data at 0800 GMT.

* Wall St dips on profit-taking as bank tests loom [ID:nN05256741]

* GLOBAL MARKETS-Stocks tumble, yen rises on Bank of America[ID:nHKG192793]

* FOREX-Yen jumps as investors fret over US bank stress tests [ID:nT122724]

* TREASURIES-Bonds dip on supply; services outlook less grim [ID:nL6446536]

* Oil steadies below $54, awaits signs of recovery [ID:nSP391002]

* Gold slips below $900/oz; focus on bank stress tests [ID:nSP389638]

* METALS-LME, Shanghai copper up; Fed comments lift [ID:nSP388479]

UK stocks to watch on Wednesday are:

ROYAL DUTCH SHELL (RDSa.L)

Jeroen van der Veer, the chief executive officer of the oil major said on
Tuesday he is seeing small signs that the U.S. and European economies are
leveling. "At this moment, what we see in the United States and Europe is lower,
but I think we are starting to see stabilization," van der Veer told Reuters
outside a meeting of the Business Council. [nN05468146]

XSTRATA (XTA.L)

Mine workers at Xstrata's Lomas Bayas copper deposit in northern Chile will
start strike action on Wednesday after wage talk mediation failed, their union
said on Tuesday. [nN05513884]

TESCO (TSCO.L)

Tesco has reduced prices at its Irish stores close to the border in a bid to
stem the flow of shoppers heading into Northern Ireland to cash in on cheaper
groceries, The Guardian said.

CARPHONE WAREHOUSE (CPW.L)

Carphone Warehouse plans to complete its purchase of Tiscali's UK assets
this week, with the terms of the deal ideally to be finalised on Wednesday,
although negotiations could go on for a few days more, The Times said.

NATIONAL EXPRESS (NEX.L)

The chief executive of British transport operator National Express said he
was in constructive talks with the government over the future of its train
franchises, the Financial Times reported on Wednesday.

The transport operator holds its annual general meeting.

NEXT (NXT.L)

The retailer will deliver a trading update.

BRITISH AMERICAN TOBACCO (BATS.L)

The tobacco firm will issue a trading update.

BRITISH AREROSPACE (BAE.L)

The defence group holds its annual general meeting.

COBHAM (COB.L)
The defence firm issues a trading update.

BRITISH AIRWAYS (BAY.L)

The airline will report April traffic figures.

EASYJET (EZJ.L)

The discount airline will deliver April traffic numbers.

MILLENNIUM & COPTHORNE (MLC.L)

The hotels firm will report first-quarter results.

CSR (CSR.L)

The chip manufacturer will post first-quarter results.

JD WETHERSPOON <JDW.L.

The pubs operator will issue a trading update.

WSP GROUP (WSP.L)

The building and enviromental consultancy will deliver a trading update.

CRH (CRH.I)

The Irish building materials firm will issue a trading update.

CAPITA GROUP (CPI.L)

The outsourcing firm holds a shareholders meeting.

PROVIDENT FINANCIAL (PFG.L)

The doorstep lender holds its annual general meeting.

CARIILLION (CLLN.L)

The building services group holds its annual general meeting.

RIGHTMOVE (RMV.L)

The on-line estate agency firm holds its annual general meeting.

SAVILLS (SVS.L)

The financial services group hosts its annual general meeting.

RESTAURANT GROUP (RTN.L)

The restaurant chains group holds its annual general meeting.

SVG CAPITAL (SVI.L)

The private equity group holds its annual general meeting.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Jon Hopkins)