UK Stocks-Factors to watch on July 17

Burberry

17/07/2026 06:06

    July 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.5%. 
     
* ENTAIN: Entain said it will cut roles across the group to reduce costs and offset the impact of online gambling tax increases and growing competition from prediction markets.
* LABOUR PARTY: Andy Burnham will become British prime minister after becoming leader of the governing Labour Party, pledging to thwart the rise of populist Reform UK.
* BRITISH STEEL: China said it firmly opposes and strongly disapproves of Britain's decision to nationalise British Steel and urged fair treatment for Chinese firms there.
* OIL: Oil prices inched higher after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and Tehran asking the Houthi movement to stand ready to shut the Red Sea route.
* GOLD: Gold was on track for its biggest weekly loss in six, as escalating U.S.-Iran clashes lifted oil prices, adding to inflationary pressures and strengthening the case for higher U.S. interest rates.
* METALS: Copper and most base metals fell, as deteriorating risk sentiment from the Middle East war spurred inflation concerns and cast a shadow over the demand outlook.
* The UK blue-chip index .FTSE closed up 0.5% on Thursday, with consumer staples shares among top gainers, though risk appetite remained in check amid escalating tensions between the U.S. and Iran.
     
* UK CORPORATE DIARY:   
Burberry 
BRBY.L 
Q1 results
United Utilities 
UU.L 
Q1 trading statement
Ninety One 
N91.L 
Q1 AUM
Bridgepoint Group
BPTB.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 XX in Bengaluru)
((XX))