UK Stocks-Factors to watch on September 3
UK Stocks-Factors to watch on September 3 Sept 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat on Thursday, with futures FFIc1 largely unchanged.
* SHELL: Shell Offshore, a subsidiary of Shell SHEL.L, said it would acquire a 30% stake in the BP-operated BP.L Conifer exploration prospect in the Gulf of Mexico.
* GSK: HUTCHMED (China) 0013.HK said its unit had signed an exclusive development and licensing agreement with a GSK GSK.L subsidiary to develop and commercialise its investigational cancer drug, HMPL-A830.
* INVESTMENT FUNDS: An analysis by the UK financial watchdog found liquidity risks are concentrated in real estate funds, reinforcing the regulator's long-standing scrutiny of a sector where investors can withdraw money more quickly than underlying properties can be sold.
* OIL: Oil prices edged lower as investors weighed the uncertainty of renewed military strikes between the U.S. and Iran that risk disrupting supplies from the Middle East.
* GOLD: Gold rose over 1% as the U.S. dollar and Treasury yields eased, while investors strapped in for U.S. nonfarm payrolls data that could help shape expectations for the Federal Reserve's next policy move.
* METALS: Aluminium prices rose, buoyed by continued supply tightness and a slight improvement in economic risk sentiment, which also boosted other industrial metals.
* EX-DIVS: Antofagasta ANTO.L, Aviva AV.L, and Admiral Group ADML.L traded without entitlement to their latest dividend pay-out on Thursday.
* FTSE: London's midcap stocks slipped to a nearly one-month low on Wednesday, extending losses as UK bond yields hit 19-year highs on renewed inflation fears after the U.S. and Iran exchanged fresh strikes in the Middle East.
* UK CORPORATE DIARY:
M&G PLC | MNG.L | HY results |
EnQuest | ENQ.L | HY results |
Grafton Group | GFTU_u.L | HY results |
Hilton Food | HFG.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)
((Neeshita.Beura@thomsonreuters.com))