UPDATE 1-UK Stocks-Factors to watch on July 2

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on July 2
Credit: © Reuters.

(Adds futures, news items)

July 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 30 points higher on Thursday, according to financial bookmakers, with futures FFIc1 up 1% ahead of the cash market open.

* DS SMITH: DS Smith SMDS.L reported a 5% rise in annual profit, bolstered by growing demand from e-commerce and consumer goods customers. MEGGITT: British engineering company Meggitt MGGT.L on Thursday forecast an about 15% drop in first-half organic revenue as demand from planemakers dried up. PREMIER OIL: Premier Oil PMO.L said it will not acquire the additional 25% interest in the Tolmount gas project from South Korea's Dana Petroleum. MITCHELLS & BUTLERS: Britain's Mitchells & Butlers MAB.L posted a first-half loss as pubs were shuttered during the lockdown. AB Foods: Associated British Foods ABF.L said that trading in its Primark fashion stores that have reopened after coronavirus lockdown has been "reassuring and encouraging". ROYAL MAIL: Royal Mail RMG.L and its largest labour union have agreed to start talks to settle a long-running dispute over pay and operational changes, the former British postal monopoly said on Wednesday. BP: BP Plc BP.L said it completed the sale of its Prudhoe Bay oil and gas producing properties to closely-held Hilcorp Energy. OIL: Oil prices rose reversing early losses, as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand. London's mid-cap index ended higher on Wednesday on hopes of a potential COVID-19 vaccine, while optimism over fresh stimulus and a pickup in economic activity in the second half of the year persisted. For more on the factors affecting European stocks, please click on: LIVE/


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