UK Stocks-Factors to watch on Sept 5

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Sept 5
Credit: © Reuters.

Sept 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 26 points higher at 7,337 on Thursday, according to financial bookmakers.

* BREXIT: The British parliament voted on Wednesday to prevent Prime Minister Boris Johnson taking Britain out of the European Union without a deal on Oct. 31, but rejected his first bid to call a snap election two weeks before the scheduled exit. HONG KONG: Hong Kong leader Carrie Lam on Wednesday withdrew an extradition bill that triggered months of often violent protests so the Chinese-ruled city can move forward from a "highly vulnerable and dangerous" place and find solutions. RYANAIR: Ryanair RYA.I members of the British Airline Pilots Association (BALPA) announced a further seven days of strikes on Wednesday as their latest walkout comes to an end, having caused little disruption for the low-cost airline. M&S, DIRECT LINE: Marks & Spencer MKS.L , Direct Line DLGD.L and Micro Focus MCRO.L will be relegated from London's FTSE 100 index from Sept. 23 following the latest quarterly review and precious metals mining firm Polymetal POLYP.L , generic drugmaker Hikma HIK.L and aerospace and defence group Meggitt MGGT.L will replace them, the index operator FTSE Russell said on Wednesday. CYBG: CYBG CYBGC.L said it expected to increase its provisions for legacy costs to settle a final compensation bill for mis-selling payment protection insurance after a last-minute surge in customer claims by between 300 million pounds and 450 million pounds. SHELL: A U.S. judge on Wednesday rejected Exxon Mobil (NYSE: XOM ) Corp's XOM.N and Royal Dutch Shell Plc's RDSa.L effort to revive a $1.8 billion arbitration award against Nigeria's state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near the African country's coastline. UK MANUFACTURING: British manufacturing is locked in a nosedive as orders and investment dry up due to the global slowdown and the Brexit crisis, a survey from trade body Make UK showed on Thursday, adding to signs of a worsening economic outlook. BoE: A worst-case no-deal Brexit would inflict less severe damage on Britain's economy than previously thought because of preparations undertaken since the end of last year, Bank of England Governor Mark Carney said on Wednesday. UK SPEND: British finance minister Sajid Javid said he was "turning the page on austerity" as he promised the biggest spending increases in 15 years, a move widely seen as part of Prime Minister Boris Johnson's push for an election to break the Brexit impasse. COPPER: Shanghai copper jumped to a more than one-month high, while London copper hit its highest in over two weeks on Thursday after China and the United States agreed to hold trade talks. GOLD: Gold prices dropped on Thursday as risk-on sentiment got a boost after China and the United States agreed to hold talks to end their protracted trade dispute. OIL: Oil prices rose on Thursday, rebounding from earlier losses, after the U.S. confirmed that talks with China to reach a trade agreement would be held in the coming weeks, giving hope that a dispute that has roiled global economies will be resolved. EX-DIVS: Admiral Group ADML.L , Antofagasta Plc ANTO.L , BHP Group BHPB.L , CRH (LON: CRH ) Plc CRH.I , Flutter Entertainment FLTRE.I , Glencore Plc GLEN.L , Land Securities LAND.L , Micro Focus MCRO.L and RSA Insurance Group RSA.L will trade without entitlement to its latest dividend pay-out on Thursday, trimming 11.6 points off the FTSE 100 according to Reuters calculations. Domestically focussed British stocks advanced on Wednesday after parliament succeeded in taking steps toward averting a no-deal Brexit, while Asia-facing banks gained on hopes that protests in Hong Kong would end, leading the FTSE 100 higher. The UK blue chip index closed 0.6% higher at 7,311.3. UK CORPORATE DIARY:

McBride Plc

MCB.L

Full-year results Redrow Plc

RDW.L

Full-year results Go-Ahead Group Plc

GOG.L

Full-year results Genus Plc

GNS.L

Full-year results Gem Diamonds Ltd

GEMD.L

Half-year results Melrose Industries Plc MRON.L

Half-year results Curtis Bank Group Plc

CBP.L

Half-year results Dixons Carphone Plc

DC.L

First-quarter results Enquest Plc

ENQ.L

Half-year results

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

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