UK Stocks-Factors to watch on Aug 11 (updated)
11/08/2023 07:45
(Adds new items and updates futures)
Aug 11 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Friday, with futures FFIc1 down 0.57%.
* CMA: Britain's competition regulator has provisionally
cleared UnitedHealth Group's UNH.N 1.24 billion pounds ($1.58
billion) acquisition of healthcare technology firm EMIS
EMISG.L .
* GCP: GCP Infrastructure Investments GCPI.L is planning
to merge with two other London-listed investment funds.
* RIO TINTO: Rio Tinto RIO.L , RIO.AX has concluded key
agreements with the Republic of Guinea and Winning Consortium
Simandou on the trans-Guinean infrastructure for the Simandou
iron ore project.
* ECONOMY: Britain eked out some unexpected growth in the
second quarter, helped by a strong June performance, but it
remained the only large advanced economy yet to regain its
pre-COVID late-2019 level, official data showed on Friday.
* INFLATION: British finance minister Jeremy Hunt said the
government's efforts to tackle inflation were beginning to have
an effect, commenting on the release of data showing unexpected
growth in the second quarter.
* BP: Italian energy services group Saipem SPMI.MI said on
Thursday it was awarded two new contracts by Eni's ENI.MI Eni
Congo and BP BP.L , worth a total of around $700 million.
* OIL: Oil prices were largely unchanged in Asian morning
trade as investors weighed optimistic demand forecasts from the
OPEC producer group against mixed economic data in top importer
China.
* GOLD: Gold prices held near one-month lows on Friday,
shrugging off cooler-than-expected U.S. inflation figures for
last month, with bullion staying on course to wrap up its worst
week in seven as the U.S. dollar and bond yields stood strong.
* For more on the factors affecting European stocks, please
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(Reporting by Zainab Saifee in Bengaluru;)
((zainab.saifuddinsaifee@thomsonreuters.com))