UPDATE 1-UK Stocks-Factors to watch on August 28

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on August 28
Credit: © Reuters.

(Updates futures, adds news)

LONDON, Aug 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening around 8 points or 0.1 percent higher on Friday, according to financial bookmakers. Futures FFIc1 were down 0.2 percent ahead of the cash market open.

* The UK blue-chip index rose 3.6 percent on Thursday, recouping all of its losses from this week's bruising sell-off after strong U.S. data calmed global markets rocked by concerns over Chinese growth.

* British consumer morale unexpectedly rose in August to match June's 15-year high, as low inflation and a recent pick-up in wages made Britons more upbeat about their financial prospects.

* Growth across British services companies surged in August, adding to signs that the strong pace of economic upturn has continued into the second half of this year, a business survey showed on Friday.

* DRUGMAKERS - The U.S. Food and Drug Administration proposed on Thursday identifying cheaper versions of biologic drugs with a suffix to distinguish them from their more expensive, branded counterparts.

* JIMMY CHOO CHOO.L - Luxury shoe maker Jimmy Choo said like-for-like sales rose 3.3 percent in the first half of the year, against what it called a challenging and uncertain backdrop.

* BWIN.PARTY BPTY.L - Bwin.Party, the online gambling firm at the centre of a bidding war between rivals 888 888.L and GVC Holdings GVC.L , posted a 2 percent rise in first-half earnings on Friday.

* INMARSAT ISA.L - The company said Friday's expected launch of its third Global Xpress satellite will allow it to offer mobile broadband service to customers in the remotest regions, giving airline passengers the ability to stream movies and update social media on flights worldwide.

* LONMIN LMI.L - South Africa-focused platinum producer Lonmin Plc said on Thursday it expected full-year underlying cash costs to stay below its guidance, indicating that its deep cost-cutting measures were beginning to bear fruit.

* ROYAL DUTCH SHELL RDSa.L - Shell's Nigerian unit, Shell Petroleum Development Company (SPDC), declared force majeure on Bonny Light crude oil exports on Thursday after shutting down two key pipelines in the country due to a leak and theft.

* TOBACCO COMPANIES - The U.S. Food and Drug Administration has warned the makers of Winston, Natural American Spirit and Nat Sherman cigarettes that they cannot claim their products are "natural" or "additive-free" without regulatory approval.

* UK CORPORATE DIARY:

CCC.L

Computacenter PLC

Earnings Releases MSLH.L

Marshalls PLC

Earnings Releases RTN.L

Restaurant Group PLC

Earnings Releases CDI.L

Candover Investments PLC

Earnings Releases JLIF.L

John Laing Infrastructure Fund Ltd

Earnings Releases

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

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