Views Article – Sharenet Wealth

Europe, News

UK Stocks-Factors to watch on Aug 4

(Adds news and updates futures)

Aug 4 (Reuters) – Britain’s FTSE 100 index is seen opening higher on Thursday, with futures up 0.06%.

* GLENCORE: Glencore announced a share buyback of $3 billion, after it reported a record half-yearly profit.

* CENTAMIN: Gold miner Centamin Plc reported a 4% rise in its first-half revenue.

* GO AHEAD: Go-Ahead Group agreed to an increased buyout offer from Australia’s Kinetic Holding and Spain-based Globalvia Inversiones.

* MEDICLINIC: South Africa’s Remgro said it will buy British hospital chain operator Mediclinic International .

* ROLLS ROYCE: Rolls-Royce said it would see its squeezed operating profit margin improve in the second half.

* INFORMA: Informa Plc reiterated its annual profit to be at the top end of market expectations.

* NEXT: British retailer Next increased its full-year sales and profit forecasts.

* PHEONIX: Phoenix has bought closed life insurer Sun Life of Canada UK for 248 million pounds.

* MEGGITT: Aircraft parts supplier Meggitt Plc reported a 21% rise in its first-half revenue.

* UNILEVER: Ben & Jerry’s independent board said Unilever Plc had frozen its directors’ salaries in July as a pressure tactic.

* M&S: Britain’s Marks and Spencer said it would stop selling disposable barbecues to reduce risk of fires in dry conditions.

* REGULATOR: Britain’s competition regulator said that Canadian cloud-based software firm Dye & Durham should sell TM Group after it identified competition concerns.

* AUTOS: British new car registrations fell about 9% in July, according to preliminary industry data.

* BOE: The Bank of England is expected to raise interest rates by the most since 1995.

* HARLEQUIN: The chairman of Harlequin Group was convicted of defrauding 226 million pounds ($274 million) from more than 8,000 investors in Britain.

* For more on the factors affecting European stocks, please click on:

TODAY’S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Muhammed Husain and Prerna Bedi in Bengaluru)


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