UK Stocks-Factors to watch on July 25

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on July 25
Credit: © Reuters.

July 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen down 2 points at 7,507 on Thursday, according to financial bookmakers.

* KINGFISHER: British home improvement retailer Kingfisher KGF.L said on Wednesday its newly appointed chief executive officer, Thierry Garnier, would join the company on Sept. 25.

METRO BANK: Metro Bank MTRO.L said on Wednesday it will start the process of recruiting a replacement for its founder and chairman Vernon Hill, months after an accounting error hammered its shares, left a hole in its balance sheet and spooked customers.

TELECOM FINES: A government panel on Wednesday approved a combined penalty of 30.5 billion rupees ($442 million) on telecom operators Bharti Airtel BRTI.NS and Vodafone (LON: VOD ) Idea VODA.NS for not providing points of interconnection to Reliance Industries ' RELI.NS telecom unit Jio when it began operations in 2016, Indian media reported.

COBHAM: British engineer Cobham Plc COB.L is to be acquired by U.S. private equity firm Advent International in a deal that would value it at about 4 billion pounds ($4.99 billion) including debt, the Financial Times reported, citing people close to the situation.

RIO TINTO: Energy Resources Of Australia Ltd (ERA) ERA.AX said on Thursday that majority owner Rio Tinto (LON: RIO ) RIO.AX had offered to help underwrite part of the cost of rehabilitating the Ranger Uranium Project in the Northern Territory.

RYANAIR: Ryanair RYA.I cabin crew in Portugal are set to strike for five days in August in a dispute over pay and conditions, the SNPVAC union said on Wednesday.

DIAGEO: Talks over pay between Diageo Plc DGE.L and two of its biggest Scottish unions fell apart on Wednesday, threatening the production of some the region's most popular whiskies.

TBC BANK: Georgian prosecutors charged TBC Bank Group's TBCG.L chairman and his deputy on Wednesday with money laundering, a move the bankers said was absurd and damaged prospects for attracting investment to the country.

METRO BANK RESULTS: Metro Bank's MTRO.L , the British lender, said on Wednesday that customers had pulled 2 billion pounds ($2.5 billion) out of the lender this year following a major accounting error in January.

ROLLS ROYCE: Rolls-Royce RR.L said on Wednesday that its discussions with Indra Sistemas SA IDR.MC , which had expressed interest in acquiring a majority stake in the British group's Spanish business ITP Aero, have ended without agreement.

EX-DIVS: SSE Plc SSE.L will trade without entitlement to their latest dividend pay-out on Thursday, trimming 2.81 points off the FTSE 100 according to Reuters calculations ID:nL8N24N1MD

* The UK blue chip index closed 0.7% down at 7,501 as miners dragged the index owing to iron ore prices falling and luxury carmaker Aston Martin losing a quarter of its value.

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