UK Stocks-Factors to watch on July 20

Polymetal International PK

20/07/2022 06:31

July 20(Reuters) - Britain's FTSE 100 index  .FTSE  is seen
opening higher on Wednesday, with futures  FFIc1  up 0.47%.
    
    * ABRDN: British asset manager Abrdn Plc  ABDN.L  is
preparing to sell its private equity business as part of a
streamlining process under Chief Executive Stephen Bird, Sky
News reported on Tuesday.  urn:newsml:reuters.com:*:nL4N2Z03NS
    * LSEG: The London Stock Exchange Group  LSEG.L  said on
Tuesday it has launched a taskforce to drive through financial
reforms announced by British government to buttress the
capital's attraction for global investors.  urn:newsml:reuters.com:*:nL8N2Z05YC
    * MEGGITT: Britain's business minister Kwasi Kwarteng has
approved the 6.3 billion-pound ($7.57 billion) takeover of
London-based defence firm Meggitt  MGGT.L  by U.S. engineering
and aerospace company Parker-Hannifin  PH.N , his department
said on Tuesday.  urn:newsml:reuters.com:*:nL8N2Z05HV
    * POLYMETAL: Polymetal  POLYP.L  is considering disposing of
its Russian assets in a shift to focus on its operations in
Kazakhstan, the gold and silver producer said on Tuesday,
sending its London-listed shares up 35%.  urn:newsml:reuters.com:*:nL1N2Z01GE
    * ROYAL MAIL: More than 115,000 postal workers at Royal Mail
 RMG.L  have voted to strike over pay, trade union CWU said on
Tuesday, putting them on course for what could be the biggest
industrial action to hit Britain this summer.  urn:newsml:reuters.com:*:nL8N2Z052T
    * BOE: Bank of England Governor Andrew Bailey said the
central bank was considering reducing its British government
bond holdings by 50 billion to 100 billion pounds ($60
billion-120 billion) in the space of a year through a mix of
active sales and gilt redemptions.  urn:newsml:reuters.com:*:nL8N2Z054L
    * OIL: Oil prices edged down on Wednesday, pressured by
global central bank efforts to tame inflation and ahead of
expected builds in U.S. crude inventories as product demand
weakens.  urn:newsml:reuters.com:*:nL1N2Z1016
    * UK's benchmark FTSE 100 index rose on Tuesday as a buoyant
global mood and strong gains by banks and consumer staples
offset fears of a big interest rate hike next month after
stronger-than-expected jobs data.  urn:newsml:reuters.com:*:nL4N2Z01NZ
    
    * UK CORPORATE DIARY:   
    Centamin       CEY.L          Q2 2022 report
                             
  Antofagasta      ANTO.L      Q2 Production report
                             
    PayPoint       PAYP.L        Q1 trading update
                             
   Royal Mail      RMG.L         Q1 trading update
                             
 Premier Foods     PFD.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 

 (Reporting by Muhammed Husain in Bengaluru)
 ((Muhammed.husain@thomsonreuters.com))