UK Stocks-Factors to watch on Aug 6

International Workplace

06/08/2024 07:46

Aug 6 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Tuesday, with futures  FFIc1  up 1.2%. 
    
    * IHG: Holiday Inn-owner InterContinental Hotels Group
 IHG.L  reported a 3.2% rise in revenue per available room
(RevPAR) in the second quarter as a strong rebound in the United
States offset weakness in China.
    * DOMINO'S: Britain's Domino's Pizza Group  DOM.L  forecast
its annual profit to be at the lower-end of market expectations,
pressured by a slowdown for its products at the start of the
year amid a cost-of-living crisis.
    * BANKS: HSBC, Barclays, Lloyds, Natwest and Britain's other
top eight banks could be wound down in a crisis without the
immediate need for taxpayer cash, the Bank of England said
following its second 'resolvability' check of the lenders.
    * ABRDN: Abrdn  ABDN.L  reported a modest dip in first-half
assets under management and provided no update on its
leadership.
    * TRAVIS PERKINS: Building materials supplier Travis Perkins
 TPK.L  reported a 33% decline in its first-half profit weighed
down by persistently subdued activity in the British homes sales
market and construction sector.
    * GSK: GSK  GSK.L  won the latest trial over claims that
discontinued heartburn drug Zantac caused cancer, as a jury
found that the drug was not responsible for an Illinois woman's
illness, a company spokesperson said.
    * RETAIL SALES: British shoppers kept a tight grip on their
purse strings last month as rainy weather again dampened their
appetite for spending, according to two surveys.
    * OIL: Oil prices rebounded by more than 1%, paring previous
session's losses, on supply concerns amid an escalating Middle
East conflict, stronger U.S. services sector data and a cut in
production at Libya's Sharara oilfield. 

    
    
    * For more on the factors affecting European stocks, please
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    TODAY'S UK PAPERS
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 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))