UK Stocks-Factors to watch on July 11 (updated)
11/07/2024 07:51
(Adds new items, updates futures)
July 11 - Britain's FTSE 100 .FTSE index is seen
opening higher on Thursday, with futures FFIc1 up 0.2%.
* OFWAT: Britain's water regulator Ofwat proposed lower bill
hikes and less investment than water companies had asked for,
laying out a plan which it said would help improve Britain's
sewage pollution crisis while maintaining a fair price for
consumers.
* THAMES WATER: British water regulator Ofwat said the
increase in customers' bills it outlined gave Thames Water the
opportunity
to "make a fair set of returns" and it was now up to the
utility to secure the funding it needs to avoid collapse.
* HAYS: British recruitment firm Hays HAYS.L forecast
annual profit at the bottom end of market view after reporting
lower net fees for the fourth quarter amid sluggish hiring
market conditions.
* POLAR CAPITAL: Polar Capital POLR.L on reported a 7%
rise in assets under management to 23.5 billion pounds ($30.2
billion) in the quarter to end-June, boosted by net inflows of
644 million pounds and rising interest in funds managed by its
emerging markets and Asian Stars teams.
* JET2: British travel company Jet2 JET2.L posted a
43% jump in annual profit, helped by the popularity of its
holiday products and record passenger numbers.
* PENNON: British water company Pennon PNN.L said that its
chief financial officer (CFO) Steve Buck was stepping down for
personal reasons, within nearly a year in the role.
* SHELL: Canada's Unifor union said its members at Shell's
SHEL.L Scotford refinery in Alberta, Canada, have ratified a
new four-year agreement that includes a 16% wage increase.
* EX-DIVS: CMC Markets CMCX.L, Halma HLMA.L and WH Smith
SMWH.L will trade without entitlement to latest dividend
pay-out.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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($1 = 0.7780 pounds)
(Reporting by Radhika Anilkumar and DhanushVignesh Babu in
Bengaluru)
((Radhika.Anilkumar@thomsonreuters.com;))