UPDATE 1-UK Stocks-Factors to watch on Aug 10

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Aug 10
Credit: © Reuters.

(Adds company news, futures)

Aug 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 45 points on Thursday, according to financial spreadbetters, with futures FFIc1 down 0.01 percent ahead of the cash market open.

* DFS: British furniture retailer DFS DFSD.L said its earnings would be at the lower end of forecasts after orders declined in April, May and June, reflecting an uncertain economic environment, an unexpected national election and warm weather. CINEWORLD GROUP: British cinema operator Cineworld Group Plc CINE.L said half-year revenue rose 17.8 percent, boosted by strong box office performance of movie titles such as "Beauty and the Beast", "Guardians of the Galaxy Vol. 2" and "The Fate of the Furious". DERWENT LONDON: Derwent London DLN.L , a central London office developer, raised its full-year rents guidance after achieving a record level of new lettings in the first half despite concerns about Brexit. SAVILLS: International estate agency Savills SVS.L reported a 27 percent rise in first-half profit on strength from Asia and its real estate investment management arm, despite a post-Brexit decline in demand for new homes and office space in London. AMEC FOSTER: British oil and gas services company Amec Foster Wheeler Plc AMFW.L , which is being bought by John Wood Group Plc, reported an 8 percent fall in its half-year trading profit, hurt by weak upstream oil and gas markets. ALDERMORE GROUP: British bank Aldermore Group Plc ALD.L reported a 32 percent rise in profit for the first half of the year, helped by strong demand from small- and medium-sized businesses, homeowners and landlords. EVRAZ: Russia's Evraz EVRE.L , the country's second-biggest steelmaker, said on Thursday its core earnings almost doubled in the first half of 2017 to $1.15 billion, on the back of higher coal and steel prices. CO-OPERATIVE BANK: Britain's Co-operative Bank 42RQ.L reported a loss for the first half of 135 million pounds ($175.14 million) on Thursday, in its first earnings report since the lender agreed a $900 million rescue package with its investors. PAGEGROUP: British recruiter PageGroup PAGE.L said it would pay a special dividend of 40 million pounds on Thursday, as growth in most of its international markets and operational improvements helped drive a 20.9 percent rise in first-half profit. COCA-COLA: Soft drink bottler Coca-Cola HBC CCH.L reported higher quarterly sales on Thursday, helped by warm weather in June and a late Easter holiday. BP: Australia's antitrust regulator said on Thursday it was concerned BP Plc's BP.L plan to buy the petrol stations of grocery giant Woolworths Ltd WOW.AX would hurt competition, a sign it may block the A$1.8 billion ($1.4 billion) deal.

* SKY: Hedge fund manager Crispin Odey has said he is considering withdrawing his support for Twenty-First Century Fox's FOXA.O attempt to take over Sky SKYB.L , saying he believes the 11.7 billion pound ($15.20 billion) deal undervalues the British broadcaster. SSE: British energy utility SSE SSE.L has hedged 1.2 billion pounds ($1.56 billion) of longevity risk in two of its defined benefit pension schemes, adviser Hymans Robertson said on Thursday. BHP: The rise of electric vehicles is driving the world's biggest mining house, BHP BHP.AX , BLT.L to switch gears and invest heavily in its long-suffering nickel business. PENSION INSURANCE CORP: Specialist annuity provider Pension Insurance Corp (PIC) is interested in buying books of UK annuity policies which are closed to new customers, its head of strategic development David Collinson told Reuters on Wednesday. WORLDPAY: U.S. credit card processing company Vantiv VNTV.N secured a deal to buy British-based rival Worldpay WPG.L for 8 billion pounds ($10.4 billion) on Wednesday in a bid to create a $29 billion global payments powerhouse. EX-DIVS: Anglo American AAL.L , AstraZeneca AZN.L , Barclays BARC.L , BP BP.L , BT Group BT.L , Diageo DGE.L , Direct Line DLGD.L , Fresnillo FRES.L , GKN Plc GKN.L , GlaxoSmithKline GSK.L , Informa INF.L , Lloyds Banking Group LLOY.L , Royal Dutch Shell A RDSa.L , Royal Dutch Shell B RDSb.L , Rio Tinto RIO.L and Rentokil Initial RTO.L will trade without entitlement to their latest dividend pay-out on Thursday, trimming 41.30 points off the FTSE 100 according to Reuters calculations ID:nL5N1KT1XO

* Britain's blue chip FTSE 100 .FTSE index ended the session down 0.6 percent at 7,498.06, broadly in line with a negative European market. Britain's top share index was shaken from its summer lull on Wednesday as geopolitical tensions hit equity markets globally, sending investors into safe-havens such as gold mining stocks, while an earnings update weighed on shares in G4S (CO: G4S ). For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times


> Other business headlines

PRESS/GB Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

: visit http://topnews.session.rservices.com

* For Top News : http://topnews.reuters.com

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or