UK Stocks-Factors to watch on July 21
UK Stocks-Factors to watch on July 21 July 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.6%.
* DIAGEO: Diageo's DGE.L chair John Manzoni is planning a shake-up of its board and is searching for new board directors with commercial experience in the drinks or drinks distribution sectors, the Financial Times reported.
* LSEG: The London Stock Exchange LSEG.L has unveiled plans to launch a night-time trading venue in the first half of 2027, the Financial Times reported.
* IP GROUP: IP Group's IPO.L board of directors unanimously rejected a sweetened 71.3 pence-per-share takeover proposal from Railpen, citing significant undervaluation of the company and its prospects.
* BT GROUP: A £167 million stake in Britain's BT Group BT.L was offered for sale via an accelerated bookbuild, a bookrunner said.
* OIL: Oil prices softened, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two.
* GOLD: Gold prices rose as investors weighed diplomatic efforts to ease the U.S.-Iran conflict, which could temper oil-driven inflation risks and influence the U.S. Federal Reserve's interest rate path.
* METALS: Copper ticked up, supported by fears of supply-side tightness and strong Chinese buying, despite macroeconomic demand worries from the escalation in the U.S.- Iran war.
* FTSE: The main UK stock indexes closed lower on Monday as continued U.S.-Iran tensions sapped risk sentiment globally, offering a muted reaction to Andy Burnham becoming Britain's seventh prime minister in a decade.
* UK CORPORATE DIARY:
Compass Group | CPG.L | Q3 trading update |
Wickes | WIX.L | Q2 trading update |
Fuller Smith & Turner | FSTA.L | Trading update |
SThree | STEMS.L | HY results |
Mony Group | MONY.L | HY results |
Mitie | MTO.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)