UK Stocks-Factors to watch on Sept 5 (updated)
05/09/2023 07:50
(Adds new items and updates futures)
Sept 5 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Tuesday, with futures FFIc1 down 0.46%.
* RIO TINTO: Rio Tinto RIO.L appointed Jérôme Pécresse
as the new chief executive of its aluminium segment, replacing
Ivan Vella.
* DS SMITH: British cardboard maker DS Smith SMDS.L said
it was on track to meet its annual expectations, helped by an
increase in customer re-stocking demand and strong cost control
measures.
* ENQUEST: British North Sea-focused oil producer
EnQuest ENQ.L kept its annual production forecast unchanged,
after reporting a 57.8% fall in half-year free cash flow.
* ASHTEAD: Equipment rental giant Ashtead Group AHT.L
lowered its annual UK rental revenue growth forecast to 6% to
9%, from a previous outlook range of 10% to 13%, due to
softening market conditions.
* PZ CUSSONS: Soap-maker PZ Cussons PZC.L said it has
offered to buy
the minority-held shares of PZ Cussons Nigeria Plc (PZCN)
for 22.8 million pounds ($28.72 million) and intends to de-list
the business from the Nigerian stock exchange.
* CALEDONIA INVESTMENTS: Caledonia Investments CLDN.L
said it would sell its majority stake in wealth manager Seven
Investment Management (7IM) to Canada's Ontario Teachers'
Pension Plan Board for about 255 million pounds ($321.20
million).
* BP: BP BP.L CEO Bernard Looney says he will not further
scale back his energy transition strategy after ceding some
ground earlier this year, despite investors penalizing the group
over its plan to break away from rivals in cutting oil and gas
output.
* OIL: Oil prices were
mixed.
* GOLD: Gold prices
edged lower
as the dollar stood firm near recent highs.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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($1 = 0.7939 pounds)
(Reporting by Hani Kollathodi and Zainab Saifee in Bengaluru;
Editing by Sonia Cheema)
((Hani.Kollathodi@thomsonreuters.com;))