UK Stocks-Factors to watch on July 16 (updated)

McBride

16/07/2024 07:44

(Adds new items, updates futures)
       July 16 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Tuesday, with futures  FFIc1  down 0.5%.

    * OCADO: Ocado  OCDO.L , the British online supermarket and
technology group, on Tuesday reported a smaller first-half loss,
said it was making "good progress" and raised its financial
outlook for the full year.
    * B&M: British discount retailer B&M  BMEB.L  reported lower
like-for-like revenue in its UK business in the first quarter of
fiscal 2025, due to wet weather dampening demand for seasonal
items.
        * SPECTRIS: British scientific instruments maker
Spectris Plc  SXS.L  said it has agreed to buy Georgia-based
Micromeritics Instrument Corp for $630 million.
        * VANQUIS: Vanquis Banking Group  VANQ.L  warned
investors it did not expect to meet its goal to deliver a low
single-digit return on tangible equity for its full year, as it
tackles an in-depth balance sheet review and challenging
trading.
    * RIO TINTO: Global mining giant Rio Tinto  RIO.L  reported
second-quarter iron ore shipments below analyst estimates
reflecting impacts to production from a train derailment in
mid-May.
    * RIO TINTO: Rio Tinto said its massive African iron ore
project in Guinea that it is jointly developing with a Chinese
consortium has received all the regulatory approvals.
    * RIO TINTO:  Rio Tinto said it has initiated a "coordinated
shutdown" at the Iron Ore Company of Canada in Newfoundland and
Labrador. 
    * SSE: French oil major TotalEnergies and UK power firm SSE
are seeking to grab a 20% share of the electric vehicle
fast-charging market in Britain and Ireland by launching a joint
venture named Source, the companies said.
    * OIL: Oil prices slipped on worries about a slowing Chinese
economy crimping demand.


        
  
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 (Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))