UK Stocks-Factors to watch on July 21 (updated)

Gam Holding AG

21/07/2023 07:44

(Updates futures, adds news items in bullets 1-5)
       July 21 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Friday, with futures  FFIc1  down 0.10%.
    
    * LIONTRUST: British asset manager Liontrust  LIO.L  said
that it made its final offer for Swiss rival GAM Holding
 GAMH.S , after backlash from some investors against planned
takeover.
        * GLENCORE: Glencore  GLEN.L  said it expects profits at
its trading division this year of up to $4 billion, exceeding
long-term annual outlook.
    * BUDGET: Britain recorded budget deficit of 18.5 billion
pounds ($23.82 billion) in June, down by 400 million pounds from
same month last year, Office for National Statistics said.
    * THG: THG  THG.L , online retail platform, sold its
loss-making THG OnDemand business to new company led by its
management team and funded by Gordon Brothers.
    * RETAIL SALES: British retail sales rose more than expected
in June, boosted by unusually hot weather and rebound in food
sales after a dip the month before, official figures showed.
    * RENTS: Advertised rents in Britain increased at faster
pace in three months to June and annual rental growth remained
high, reflecting strong demand from tenants and wider tensions
in housing market, survey showed. 
    * BANKS: Banks in Britain will be forced to explain and
delay any decision to close an account under new rules announced
by finance ministry.
    * VIRGIN MONEY: British lender Virgin Money UK  VMUK.L  said
it will close 39 stores as company continues to see drop in
footfall and transaction volumes.
    * CRYPTO: Treating cryptoassets as form of gambling would
put Britain at odds with global and European Union regulators
and fail to mitigate risks from sector, Britain's Financial
Services Minister Andrew Griffith said.
    
    * For more on the factors affecting European stocks, please
click on:  LIVE/     
    TODAY'S UK PAPERS
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    ($1 = 0.7724 pounds)

 (Reporting by Hani Kollathodi and Radhika Anilkumar in
Bengaluru)
 ((Radhika.Anilkumar@thomsonreuters.com;))