UK Stocks-Factors to watch on July 27
UK Stocks-Factors to watch on July 27 July 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0.1%.
* FRASERS GROUP: Frasers Group FRAS.L is exploring ways to install its chief executive Michael Murray as the CEO of Hugo Boss BOSSn.DE, The Times reported, as the British company pursues its takeover of the German fashion house.
* SERICA ENERGY: Serica Energy SQZ.Lsaid it had agreed to acquire fellow oil and gas producer Pharos Energy PHARP.L in a cash deal valued at about £145.7 million.
* LSEG: London Stock Exchange Group's LSEG.L Lipper unit said it was investigating an unusually large transaction in one investment-grade bond fund that distorted its wider fixed-income fund flow data.
* PINEWOOD TECHNOLOGIES: U.S. tech private equity firm Ridgeview offered to buy Britain's Pinewood Technologies PINE.L for 448 pence per share, the companies said, valuing the automotive service provider at £545 million.
* OIL: Oil prices tumbled 4% after the U.S. and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict.
* METALS: Copper prices firmed up, buoyed by a nascent halt in fighting between the U.S. and Iran and oil market relief.
* GOLD: Gold rose as a pause in Middle East hostilities sent oil prices sharply lower and eased some inflation concerns, while investors waited for the U.S. Federal Reserve's policy decision due later this week.
* FTSE: Britain's FTSE 100 index climbed on Friday, helped by gains in HSBC shares HSBA.L that boosted financial stocks, while investors monitored oil prices and escalating hostilities in the Middle East.
* UK CORPORATE DIARY:
AstraZeneca | AZN.L | Q2 results |
Vodafone | VOD.L | Q1 trading update |
Cranswick | CWK.L | Q1 trading update |
* 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))