UPDATE 1-UK Stocks-Factors to watch on Aug. 11

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Aug. 11
Credit: © Reuters.

(Adds futures, news items)

Aug 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 46 points higher at 6,097 on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.8% ahead of cash markets open.

* QUILTER: Quilter QLT.L reported a 25% drop in first-half adjusted pretax profits, as the COVID-19 pandemic dented growth in assets under management in the last six months by 3% to 107 billion pounds. BELLWAY: Housebuilder Bellway BWY.L said it constructed fewer homes in the year as a weeks-long COVID-19 lockdown brought property sales to a halt. DOMINO'S PIZZA: Domino's Pizza Group Plc DOM.L posted a 2.7% dip in first-half operating earnings, hurt by costs for implementing social distancing measures at its restaurants due to the coronavirus outbreak. PLUS500: Online trading platform Plus500 Ltd PLUSP.L reported an expected surge in first-half core profit on the back of extreme volatility in financial markets triggered by the coronavirus crisis. INTERCONTINENTAL HOTELS: InterContinental Hotels IHG.L said it was seeing some "very early" signs of a recovery in demand as coronavirus restrictions ease in major markets, with July room revenue expected to be down 58%. BOE: The Bank of England will step up on quantitative easing if the British economy slows and struggles again, Deputy Governor Dave Ramsden said in an interview published on Tuesday. CONSUMER SPENDING: British consumers spent the most last month since the country went into a coronavirus lockdown in March, as pubs, restaurants, barbers and beauty salons reopened. PETROPAVLOVSK: Shareholders of Russian gold miner Petropavlovsk POG.L voted on Monday against reinstating co-founder Pavel Maslovskiy and other members of the company's board and called for an investigation into transactions over the past three years. OIL: Crude oil gained more ground, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen. GOLD: Gold fell as dollar's relative value against other currencies recovered, spurring some investors to lock in gains in bullion, which has soared to record levels of $2,000 per ounce. The UK blue-chip index .FTSE closed up 0.3% on Monday, as the number of COVID-19 cases in Britain surged, while hopes of more global stimulus and some upbeat data kept alive expectations of an economic rebound. For more on the factors affecting European stocks, please click on: LIVE/


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