UK Stocks-Factors to watch on Aug. 21 (updated)
21/08/2024 07:50
(Adds new items, updates FTSE 100 move)
Aug 21 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening 1% lower on Wednesday, with futures FFIc1 up
0.04%.
* BARRATT-REDROW DEAL: Britain's competition regulator said
on Wednesday it has "reasonable grounds to believe" that
homebuilders Barratt BDEV.L and Redrow RDW.L would complete
their merger following a court approval of the scheme.
* MOBICO: British transport company Mobico MCG.L
posted on Wednesday a 28.1% jump in its first-half profit,
buoyed by passenger growth and higher pricing.
* WAITROSE: Upmarket British supermarket Waitrose said
on Wednesday it
plans to open
up to 100 convenience shops across the UK over the next
five years, with a billion pound ($1.30 billion) investment in
new and existing shops.
* PAY AWARDS: Pay awards granted by British employers fell
during the three months to July, according to a survey that
chimed with Bank of England forecasts for slowing wage growth.
* GOLD: Gold took a breather after hitting an all-time high
in the previous session on U.S. rate-cut optimism, as investors
awaited minutes of the Federal Reserve's latest meeting and
Chair Jerome Powell's speech for clarity on the depth of cuts.
* OIL: Oil prices slipped on estimates showing swelling U.S.
crude inventories and expectations that tensions in the Middle
East were easing following a tour of the region by mediators.
* METALS: Aluminium prices in London pulled back, snapping a
seven-day rally, after traders locked in some profits and also
assessed higher supply and weak demand from top consumer China.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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(Reporting by Prerna Bedi and Yamini Kalia in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))