UK Stocks-Factors to watch on July 18 (updated)

Premier Foods

18/07/2024 07:52

(Adds new items, updates futures)
       July 18 - Britain's FTSE 100  .FTSE  index is seen
opening higher on Thursday, with futures  FFIc1  up 0.7%. 
    
    * ANGLO AMERICAN: Anglo American  AAL.L  said its copper
output was almost flat in the first half, while it curbed its
output forecast for coking coal, combined woes that are likely
to weigh on its earnings just months after rebuffing a takeover
bid from bigger rival BHP Group  BHP.AX .
    * IDS: International Distribution Services (IDS) IDSI.L ,
the owner of Britain's Royal Mail, reported an 8.2% rise in
revenue for the first quarter of fiscal 2025 on Thursday,
supported by strong parcel demand and more postal votes during
the UK elections.
    * FRASERS: Frasers, the British sportswear and apparel
retailer that owns the Sports Direct brand, reported a 13.1%
rise in annual profit and forecast more growth in its new
financial year as it benefits from a plan to shift the group
upmarket.
        * DUNELM: British homewares retailer Dunelm Group
 DNLM.L   forecast its annual profit to be slightly higher than
market consensus, encouraged by an increase in volumes as
customers spent on new furnishings to spruce up their homes.
        * EVOKE: British betting firm Evoke  888.BN   forecast
profits in the second half of 2024 to increase "significantly",
after its online revenue returned to growth in the three months
ended June 30.
        * PREMIER FOODS: Britain's Premier Foods  PFD.L 
reported a rise in first-quarter sales on the back of strong
branded sales growth, and maintained its forecast for the year.
    * OIL: Oil prices extended gains from the previous session,
buoyed by a bigger-than-expected decline last week in crude
stocks in the United States, the world's largest oil consumer.
     
  

        
  
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 (Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))