UK Stocks-Factors to watch on July 24
24/07/2024 06:00
July 24 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Wednesday, with futures FFIc1 down 0.3%.
* RECKITT: British consumer goods company Reckitt RKT.L is
under pressure from top shareholders to revisit a sale of its
Mead Johnson Nutrition business, following litigation and other
setbacks at the division, the Financial Times reported.
* ASCENTIAL: Information and analytics firm Ascential Plc
ASCL.L said it is in advanced talks with Informa Plc INF.L
related to a 1.16 billion pound ($1.50 billion) buyout proposal
from the British events organiser.
* PAY: British employers offered average annual pay
settlements of 4.9% in the three months to June, unchanged from
the previous month, industry data showed, highlighting continued
strong wage growth that may sustain the Bank of England's
inflation worries.
* OIL: Oil prices rebounded, snapping three straight
sessions of decline, as falling U.S. crude inventories and
growing supply risks from wildfires in Canada boosted prices.
* METALS: Copper prices slid again to trade near a
three-and-a-half month low hit in the previous session, as
concerns about demand in top consumer China weighed on the
market.
* FTSE: Britain's FTSE 100 closed lower on Tuesday,
pressured by commodity-linked stocks which tracked declines in
prices of oil and copper, while positive earning updates from
companies helped offset declines.
* UK CORPORATE DIARY:
Aston Martin AML.L HY Results
easyJet EZJ.L Q3 Results
British American Tobacco BATS.L HY Results
Reckitt Benckiser RKT.L HY Results
Fresnillo FRES.L Q2 production report
Marston's MARS.L Q3 trading update
Unite Group UTG.L HY Results
Informa INF.L HY Results
* For more on the factors affecting European stocks, please
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TODAY'S UK PAPERS
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(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))