Picture of Bunzl Public logo

BNZL — Bunzl Public News Story

0.000.00%
gb flag iconLast trade - 00:00
IndustrialsBalancedLarge CapNeutral

UK Stocks-Factors to watch on September 1

UK Stocks-Factors to watch on September 1

- Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.4%.

* WPP: WPP WPP.L is cutting up to 1,000 more jobs by year-end as Britain's ‌biggest advertising group accelerates a restructuring programme under new chief Cindy Rose, the Financial Times reported, citing people familiar with the matter.

* GLENCORE: Glencore GLEN.L has been threatened with a $1.4 billion lawsuit from embattled trader Radiant, the Financial Times reports.

* RETAIL: British retailers raised prices by the most in more than two years last month, as higher energy prices pushed up the cost of some processed food and the artificial intelligence boom raised the cost of consumer electronics which use similar components.

* OIL: Oil prices gained as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world's key crude-producing region.

* GOLD: Gold prices slipped as traders assessed Middle East tensions and awaited key U.S. labour market data due this week that could shape expectations for Federal Reserve monetary policy.

* METALS: London zinc rose to its highest in more than four years, supported by supply concerns and limited availability outside China.

* FTSE: UK stocks closed higher on Friday as investors digested corporate updates as well as Federal Reserve Chair Kevin Warsh's comments at the Jackson Hole symposium that boosted the chances of a U.S. interest rate hike next month.

* UK CORPORATE DIARY:

Bunzl

BNZL.L

HY results

Ashtead Tech

ATAS.L

HY results

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

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB


(Compiled by Neeshita Beura in Bengaluru; Edited by Ronojoy Mazumdar)

((Neeshita.Beura@thomsonreuters.com))

Recent news on Bunzl Public

See all news