UK Stocks-Factors to watch on July 31

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on July 31
Credit: © Reuters.

July 31 (Reuters) - Britain's FTSE 100 index is seen opening down 6

points at 7,695 points on Tuesday, according to financial bookmakers.

* STANDARD CHARTERED: Standard Chartered (LON: STAN ) Plc on Tuesday reported a

34 percent rise in its pretax profit for the six months to June, as the

Asia-focused bank continued to grow its revenue after years of restructuring.

* VEDANTA: Billionaire Anil Agarwal has been given more time to make a firm

offer or walk away from a deal to buy out minority shareholders in Vedanta

Resources for 778 million pounds ($1 billion), the London-listed miner

said on Monday.

* LLOYD'S BANKING: A group of British lawmakers on Monday wrote to the

financial watchdog and the board of Lloyds Banking Group (LON: LLOY ) accusing the

bank of "victim blaming" and "unfairness" in its redress scheme for victims of a

fraud at its HBOS Reading division.

* TESCO: Former Tesco (LON: TSCO ) finance director Carl Rogberg will not stand

trial with two of his former colleagues in September, Britain's Serious Fraud

Office said on Monday.

* PETROFAC: British oilfield services provider Petrofac (LON: PFC ) Ltd said on

Monday it had agreed to sell 49 percent of its operations in Mexico to Perenco

(Oil & Gas) International Ltd, as it prepares to scale back oil and gas

* JOHN LAING INFRASTRUCTURE FUND: Investors owning around 10 percent of John

Laing Infrastructure Fund think a possible cash buyout offer valuing

the company at 1.41 billion pounds ($1.85 billion) is too low, according to a

source familiar with the matter.

* CLARKSON: British shipping services provider Clarkson Plc said on

Monday an unauthorized third party accessed some of its computer systems in the

United Kingdom last year.

* GOLD: Gold prices traded sideways in a narrow range on Tuesday, with

investors in a wait-and-see mode ahead of the outcome of central bank monetary

policy meetings.

* OIL: Oil prices fell on Tuesday, with Brent futures set for their biggest

monthly loss in two years, on oversupply concerns after a report showed OPEC's

output in July rose to its highest for 2018.

* The UK blue chip index closed flat in percentage terms at 7,700.85 points

on Monday, as a jump in Vodafone (LON: VOD ) and GVC's shares outweighed a broader decline

among commodities-related sectors.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

* UK CORPORATE DIARY:

Rentokil Initial PLC Half Year Earnings Release

Glencore (LON: GLEN ) PLC Q2 Production Report

Fresnillo (LON: FRES ) Half Year Earnings

IMI (LON: IMI ) PLC Half Year Earnings Release

Taylor Wimpey (LON: TW ) PLC Half Year Earnings Release

Travis Perkins (LON: TPK ) PLC Half Year Earnings Release

Weir Group (LON: WEIR ) PLC Half Year Earnings Release

Elementis PLC Half Year Earnings Release

Just Eat PLC Half Year Earnings Release

BP (LON: BP ) PLC Q2 2018 Earnings Release

Centrica (LON: CNA ) PLC Half Year Earnings Release

Provident Financial PLC Half Year Earnings Release

Coats Group PLC Half Year Earnings Release

Thomas Cook Group plc Q3 2018 Trading Statement

(Reporting by Shashwat Awasthi in Bengaluru)

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