Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

UPDATE 1-UK Stocks-Factors to watch on July 31

Published 31/07/2020, 07:07
Updated 31/07/2020, 08:12
© Reuters.

© Reuters.

July 31 (Reuters) - Britain's FTSE 100 index is seen opening 12 points higher at 6,002 on Friday, according to financial bookmakers, with futures (FFIc1) up 0.6% ahead of cash markets open.

NATWEST: NatWest Group (NWG.L) plunged into the red in the first half of the year after setting aside a fresh 2.1 billion pound ($2.76 billion) provision against a potential surge in loan losses.

LSE: The London Stock Exchange said it may consider selling part or all of its Italian stock exchange group to help get its planned $27 billion takeover of data and analytics group Refinitiv approved.

GLENCORE: Miner and trader Glencore (GLEN.L) said a stellar performance in its trading division would see it hit the top end of guidance for the year but posted lower production figures for its first half.

BATS: British American Tobacco (BATS.L) reported better-than-expected profits, as the company sold more high-priced cigarettes and saw strong demand for vaping products in the United States.

BT: BT (BT.L), Britain's biggest broadband and mobile operator, reported a 7% drop in both revenue and core earnings in its first quarter after the COVID-19 pandemic impacted its BT Sport television revenue.

IAG: IAG (LON:ICAG), the owner of British Airways, said it planned to raise 2.75 billion euros in a capital increase backed by its biggest shareholder Qatar Airways, to strengthen its finances.

PETS AT HOME: Pets At Home (PETSP.L) posted a 1% fall in first-quarter revenue as a lockdown-driven jump in demand for supplies faded and pet-owners made fewer trips to the vet due to lockdown restrictions.

FRC: Accounting firms continue to show too little independence when checking the books of listed companies and should show more professional scepticism when dealing with clients, Britain's audit watchdog said.

LOCKDOWN: UK Health Secretary Matt Hancock said late on Thursday that the COVID-19 lockdown in parts of Northern England will be tightened.

OIL: Oil prices recovered further ground, after touching three-week lows in the previous session, responding to a record decline in U.S. growth.

GOLD: Gold rose en route to its best month in more than four years as the dollar slid further after dismal U.S. data added to doubts about a swift recovery from the pandemic-induced economic slump.

METAL: London copper prices were on course for a fourth consecutive monthly gain, rising in early Asian trade on Friday as the dollar slipped to two-year lows.

The UK blue-chip index .FTSE ended 2.3% lower on broad-based losses on Thursday. Gloomy quarterly results from banks and a clutch of other firms saw the FTSE 100 post its worst session in five weeks.

UK CORPORATE DIARY:

International Consolidated (ICAG.L) HY Results
BT Group (BT.L) Q1 Trading Statement
British American Tobacco (BATS.L) HY Results
Intertek Group (ITRK.L) HY Results
Paragon Banking Group (PAGPA.L) Q3 Trading Statement
Pets at Home Group (PETSP.L) Q1 Trading Statement
London Stock Exchange Group (LSE.L) HY Results
Natwest Group (NWG.L) HY Results
Glencore (GLEN.L) HY Production Report

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.