UK Stocks-Factors to watch on July 20 (updated)

Polymetal International PK

20/07/2022 08:02

(Adds news stories, updates futures)
    July 20(Reuters) - Britain's FTSE 100 index  .FTSE  is seen
opening higher on Wednesday, with futures  FFIc1  up 0.56%.
    
    * PREMIER FOODS: Premier Foods  PFD.L  on Wednesday reported
a rise in its first quarter sales as the maker of Mr Kipling
cakes and OXO cubes benefited from robust demand for its sweet
treats and grocery products.  urn:newsml:reuters.com:*:nL4N2Z114T
    * ANTOFAGASTA: Chilean miner Antofagasta Plc  ANTO.L  cut
its full-year copper output target to 640-660,000 tonnes, hit by
a leak in an underground pipeline that transports concentrate
from its flagship project, combined with water shortage at the
mine.  urn:newsml:reuters.com:*:nL4N2Z1168
    * MORSES CLUB: British subprime lender Morses Club PLC
 MCLM.L  said on Wednesday it was pursuing a potential use of a
so-called scheme of arrangement to deal with the high levels of
redress claims that threaten to jeopardise its future.
 urn:newsml:reuters.com:*:nL4N2Z1189
    * ROYAL MAIL: Royal Mail  RMG.L  said on Wednesday it
expects annual adjusted operating profit at its UK business to
be "around break-even", after it reported a quarterly loss due
to higher costs and a "stalled" transformation due to labour
disputes.  urn:newsml:reuters.com:*:nL4N2Z114Q
    * 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
    * 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
    
    * For more on the factors affecting European stocks, please
click on:  LIVE/     
    TODAY'S UK PAPERS
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 (Reporting by Muhammed Husain in Bengaluru;
Editing by Vinay Dwivedi)
 ((Muhammed.husain@thomsonreuters.com))