UPDATE 1-UK Stocks-Factors to watch on July 27

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on July 27
Credit: © Reuters.

(Adds futures, company items)

July 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 14 to 16 points, or 0.2 percent, on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.1 percent ahead of the cash market open.

* The UK blue chip index closed 0.2 percent higher on Tuesday at 6,724.03 points, driven by gains in lender Provident Financial PFG.L , engineering firm GKN GKN.L and BT BT.L , though housebuilders fell after a series of price target cuts. CAPITA: British outsourcing group Capita Plc CPI.L said it was seeing some delays in decision-making in the short term due to the impact of the UK's vote to leave the EU. ANTOFAGASTA: Copper miner Antofagasta ANTO.L said full-year copper production would be at the lower end of the 710,000-740,000 tonnes it predicted in January this year, but said it was confident targets would be met. TAYLOR WIMPEY: Britain's third-largest housebuilder Taylor Wimpey TW.L said a referendum in which Britons backed leaving the European Union has had no meaningful effect on its performance in the last month. ITV: ITV ITV.L said it expected its key net advertising revenue to slip around 1 percent in the first nine months of the year, ahead of analyst expectations, and said it would trim costs to prepare for economic challenges ahead. ARM HOLDINGS: British chip designer ARM Holdings ARM.L , which earlier this month agreed to be bought by Softbank Group Corp for $32 billion, reported a 5 percent rise in second-quarter profit on Wednesday. LSE/DEUTSCHE BOERSE: Deutsche Boerse DB1Gn.DE has won the necessary backing from its shareholders for the planned merger with the London Stock Exchange Group LSE.L , with the German exchange operator reporting a 60.35 percent approval rate on Tuesday ahead of the 2200 GMT deadline. GLAXOSMITHKLINE: GlaxoSmithKline GSK.L plans 275 million pounds ($361 million) of new investments at three drug manufacturing sites in Britain, signalling its confidence in the country despite last month's vote to leave the European Union. ACACIA MINING/BARRICK GOLD CORP: Barrick Gold Corp ABX.TO , the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining Plc ACAA.L and has approached several South African miners, according to sources familiar with the situation. UK OIL LICENCES: Britain has cut rental fees by up to 90 percent in its latest tender for oil and gas licences in the North Sea launched on Wednesday in a bid to attract companies to find new fields in the mature basin. OIL: Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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