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UK Stocks-Factors to watch on September 22 (updated)

UPDATE 1-UK Stocks-Factors to watch on September 22

Adds news items, updates futures

- Britain's FTSE 100 .FTSE index opened up 0.15% on Tuesday.

*KINGFISHER: Kingfisher KGF.L raised its full-year profit guidance after it reported a 9.9% increase for the first half, winning market share in the UK, Poland and Spain.

*SMITHS GROUP: Smiths Group SMIN.L reported a better-than-expected full-year operating profit and launched a process to sell its US asbestos liability.

*M&C SAATCHI: M&C Saatchi SAA.L said that trading momentum was improving, with second-quarter revenue returning to growth.

*STHREE: SThree STEMS.L raised its full-year pretax profit forecast on Tuesday, helped by cost cuts and continued growth in the US market.

*WHITBREAD: Corvex Management urged Whitbread WTB.L to hold a general meeting to elect the activist investor's partner James Gemmel to the Premier Inn owner's board, claiming that the firm's recent strategic review failed to address underlying challenges.

* BP: BP BP.L said its oil refinery in Whiting, Indiana, returned to normal operations after planned maintenance last week.

* BURBERRY: Burberry BRBY.L creative director Daniel Lee showed bright floral trench coats and checked short suits in his summer 2027 collection for the British luxury brand.

*UK BORROWING: Britain's government borrowed more than expected in August, pushing the deficit for the financial year so far further above official forecasts.

* AUTOMOTIVE INDUSTRY: Britain's exclusion from the European Union's proposed "Made in Europe" provisions puts the British automotive industry at a competitive disadvantage and threatens its contribution to the EU's economy, a trade group said.

* DEFENCE: UK Prime Minister Andy Burnham will announce a new AI defence partnership between Britain and the United States.

* COMMODITIES: Oil prices gained for the first time in five sessions on Tuesday, gold struggled for momentum, and copper prices rose.


* 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 Roshni Srivastava in Bengaluru)

((roshni.srivastava@thomsoneuters.com))

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