UPDATE 1-UK Stocks-Factors to watch on July 23

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on July 23
Credit: © Reuters.

(Adds company news items, futures)

July 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 27 points higher at 7,542 on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.42% ahead of the cash market open.

* BEAZLEY: Lloyd's of London insurer Beazley Plc BEZG.L said on Tuesday its first-half earnings nearly tripled from last year, as it wrote more policies at higher rates and said it expects double-digit premium growth over the year. IQE: Britain's IQE Plc IQE.L warned its sale volumes had been hit by the trade war between Beijing and Washington, but said it was still receiving orders from multiple customers in Asia. IG GROUP: Online trading platform IG Group Holdings IGG.L on Tuesday reported a slump of almost a third in its earnings for the year, hit by Europe's clampdown on the provision of access to high-stakes financial betting to amateur traders. PARAGON: Specialist lender Paragon Banking PARA.L on Tuesday reported a 20% jump in new lending in the first nine months of 2019 and stuck by its financial outlook for the whole year, while saying it was keeping a tight rein on risk due to political uncertainties. BRITISH AIRWAYS: British Airways pilots have voted overwhelmingly for strike action in a pay dispute that could disrupt the British flag carrier's peak summer holiday season. INMARSAT: Britain said on Monday it would scrutinise the acquisition of satellite communications firm Inmarsat ISA.L by a private equity-led consortium to examine any potential impact on national security. DEBENHAMS/SPORTS DIRECT: British department store group Debenhams said former shareholder Sports Direct SPD.L had withdrawn from a challenge to its rescue plan because it did not have sufficient legal grounds, but the sports retailer would continue to fund the action. HEATHROW AIRPORT: Campaigners against the expansion of Heathrow Airport have won the right to lodge a new legal challenge against the construction of a new runway at Europe's biggest airport, Greenpeace, one of the appellants, said on Monday. LLOYDS BANKING‎ GROUP: Lloyds Banking‎ Group PLC LLOY.L will pay about 140 million pounds to Standard Life Aberdeen PLC (SLA) SLA.L to settle a legal fight over the future of a 100 billion pound asset management mandate, Sky news reported on Monday. U.S. commodities trader Bunge Ltd BG.N and British energy company BP Plc BP.L said on Monday they will merge their Brazilian sugar and ethanol operations to create the world's third-largest sugarcane processor. Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied. Gold prices fell on Tuesday as the dollar strengthened and some investors locked in profits ahead of the U.S. Federal Reserve meeting next week. The UK blue chip index closed 0.1% higher as gains in oil heavyweights amid heightened tensions in the Middle East helped London's main index hold steady on Monday. For more on the factors affecting European stocks, please click on: LIVE/


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