UK Stocks-Factors to watch on April 22 (updated)
22/04/2024 07:52
(Adds new items, updates futures)
April 22 - Britain's FTSE 100 .FTSE index is seen
opening higher on Monday, with futures FFIc1 up 1.04%.
* THAMES WATER: Britain's Thames Water, which is fighting
for survival, said it proposed spending an additional 1.1
billion pounds ($1.36 billion) on environmental projects over
the next five years, in an updated business plan aimed at
winning regulatory support.
* HIPGNOSIS: Blackstone BX.N made a potential offer to buy
Hipgnosis Songs Fund SONG.L for about $1.5 billion, outbidding
Concord and triggering a takeover battle for the company that
owns rights to music by artists including Shakira and Red Hot
Chilli Peppers.
* TYMAN: Doors and windows supplier Tyman TYMN.L will be
bought by U.S. company Quanex Building Products NX.N in a
cash-and-share deal that values the British firm at about 788
million pounds.
* ASDA: Asda, Britain's third-biggest supermarket group,
reported a 24% rise in annual earnings that reflected a 7.1%
rise in total sales and also said it had cut its debt.
* CHILL BRANDS: Vape maker Chill Brands CHLL.L said Callum
Sommerton had been suspended as its CEO after allegations were
raised around the company's use of inside information.
* HORNBY: Britain's Hornby HRN.L said its full-year group
sales suffered after results in the last quarter were pulled
down by Red Sea delivery delays and by an early Easter.
* MOBICO: Mobico MCG.L said Chief Finance Officer James
Stamp will step down in June, and named Helen Cowing as its next
finance boss.
* HOUSE PRICES: Prices of homes being sold in Britain are
close to their record highs after the biggest annual increase in
a year, according to an industry survey.
* 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
($1 = 0.8078 pounds)
(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))