UPDATE 1-UK Stocks-Factors to watch on July 26

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on July 26
Credit: © Reuters.

(Adds company news items, futures)

July 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 2 points on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.07 pct ahead of the cash market open.

* COMPASS GROUP: Compass Group Plc CPG.L , the world's biggest catering firm, reported a 3.9 percent rise in quarterly organic revenue, helped by strong growth in the United States. ANTOFAGASTA: Chilean copper producer Antofagasta ANTO.L said on Wednesday that copper production in the first half was 7.1 percent higher than in the first half of 2016. PARAGON: British buy-to-let mortgage lender Paragon Group of Companies Plc PARA.L reported a further 575.7 million pounds ($749.91 million) of new lending in the third quarter, taking the nine-month total of lending and investment to 1.4 billion pounds. TULLOW: Africa-focused oil producer Tullow Oil TLW.L reported a deeper than expected operating loss for the first half as stubbornly weak oil prices forced it to book impairment charges on the value of its assets. JUPITER FUND: British asset manager Jupiter Fund Management JUP.L said on Wednesday assets under management increased 26.7 percent in the first six months of the year, boosted by net inflows of client money. METRO BANK: British lender Metro Bank Plc MTRO.L posted a pretax profit in the first-half, driven by growth in lending and customer deposits. PAYPOINT: Bill payment services provider PayPoint Plc PAYP.L said its quarterly revenue rose 4.2 percent, helped by its push towards retail services. BREWIN DOLPHIN: British wealth manager Brewin Dolphin BRW.L on Wednesday posted a 3.7 percent rise in third-quarter total assets to 39.2 billion pounds ($51.03 billion), helped by net inflows of new client money. HAMMERSON: Britain-based shopping centre landlord Hammerson Plc HMSO.L posted a 4.3 percent rise in first-half net asset value, as more customers visited its malls. IPF: Consumer credit lender International Personal Finance IPF.L

reported a higher pretax profit from continuing operations in the first half, boosted primarily by positive currency translations. ACACIA MINING: Acacia Mining's ACAA.L shares fell for a sixth straight session on Tuesday, a day after the gold miner was hit with a tax bill of more than $190 billion by the Tanzanian government. VEDANTA RESOURCES: Zambia's Konkola Copper Mines (KCM) said on Tuesday it was halting operations indefinitely at its Nchanga underground mine (NUG) in Chingola state due to theft of high voltage cables. METRO BANK: Metro Bank Plc MTRO.L said successful completion of the non pre-emptive cash placing of new ordinary shares. BREXIT: The International Monetary Fund said on Tuesday that it foresaw only a modest increase in transaction costs if clearing and other financial activities are moved from the City of London to the European Union after Brexit. BRITAIN AUTO: Britain's government will announce on Wednesday that it will ban the sale of petrol- and diesel-fuelled cars from 2040 when all vehicles must be fully electric as part of a plan to clean up air pollution, newspapers reported on Tuesday. COPPER: London Metal Exchange copper CMCU3 was up 0.5 percent at $6,257 a tonne, as of 0221 GMT, extending from Monday's gains. Earlier in the session, prices hit $6,280 a tonne, its highest since May 2015. OIL: Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. The UK blue chip index FTSE 100 .FTSE closed 0.8 percent higher at 7,434.82 points on Tuesday, as strong results and buoyant basic resource stocks boosted the index and small-cap luxury shoemaker Jimmy Choo CHOO.L soared 17 percent after an agreed bid by U.S. retailer Michael Kors. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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