UK Stocks -- Factors to watch on May 28

LONDON, May 28 (Reuters) - Britain's FTSE 100 .FTSE was seen opening down
as much as 1.1 percent on Thursday following weakness on Wall Street and in Asia
as concern grew that rising yields on U.S. government debt could choke off
recovery.

Financial bookmakers saw the British blue-chip index down 47 to 49 points or
as much as 1.1 percent after it inched up 0.1 percent the previous session to
close at 4416.23.

U.S. home sales picked up in April, but this positive sign was outweighed by
worries that the U.S. government was incurring too much debt as it tries to
spend its way out of recession, pressuring Treasury prices and stocks. The Dow
Jones industrial average .DJI slid 2.1.

Adding to the more cautious tone, the Bank of England monetary policy
committee member David Blanchflower told The Times newspaper the world should
not assume that the worst of the global economic crisis is over. [ID:nLS393628]

The Bank of England deputy governor, meanwhile outlined ways in which
policymakers might better manage liquidity risk, market stability and capital
support. [ID:nLR408762]

Investors will watch UK distributive trade data from the Confederation of
British Industry at 1000 GMT to gauge the health of the retail sector.

Energy stocks will be closely watched ahead of an OPEC meeting later on
Thursday in Vienna while mining stocks are likely to be pressured by falling
metal prices.

* TOPWRAP-Obama says worst over, but debt fears roil markets [ID:nSP395954]

* Wall St falls as rising bond yields worry investors [ID:nLS16597]

* GLOBAL MARKETS-Asia stocks ease on nagging US economy worry [ID:nSP399057]

* Nikkei down in choppy trade, awaiting data, GM [ID:nT334988]

* Yen slips on resilient equities, retail flows eyed [ID:nT338241]

* TREASURIES-Longer-dated bonds inch up in Asia, auction eyed [ID:nT334332]

* Oil falls below $63 on econ concerns, eyes OPEC meeting [ID:nSYD113600]

* Copper down 1.8 pct on U.S. worries [ID:nSP398478]

UK stocks to watch on Thursday are:

LLOYDS BANKING GROUP (LLOY.L)

Three directors at the bank who took part in the decision to buy HBOS may
get a rough ride from shareholders next week after a procy voting agency
Manifest voiced concerns about their re-election. [ID:nLR256135]

RIO TINTO (RIO.L)

The miner said the Federal trade Commission has requested additional
information on its pending sale of Jacobs Ranch coal mine to Arch Coal.

CINEWORLD GROUP (CINE.L)

The three leading cinema chains in the UK -- Odeon, Cineworld and Vue --
which control almost three-quarters of the market, have all submitted first
round bids for some of the 21 UK cinemas put up for sale by Sumner Redstone, the
U.S. media magnate, the Financial Times said.

ANTOFAGASTA (ANTO.L)

The miner releases its first quarter results

UNITED UTILITIES (UU.L)

The company releases its preliminary results.

MAN GROUP (EMG.L)

The fund manager releases its preliminary results.

WOLSELEY (WOS.L)

The company releases its trading update.

TATE & LYLE (TATE.L)

The company releases preliminary results.

BREWIN DOLPHIN (BRW.L)

The company releases first half results.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]
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