UK Stocks-Factors to watch on Sept. 8 (updated)
08/09/2023 07:49
(Adds new items and updates futures)
Sept 8 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening higher on Friday, with futures FFIc1 up 0.15%.
* CMA: Britain's competition regulator said it provisionally
backed the aviation regulator, the CAA, in most of its decisions
over how much Heathrow Airport can charge airlines over the
2024-2026 period, after both airlines and the airport launched
appeals.
* BERKELEY: British high-end homebuilder Berkeley Group
Holdings BKGH.L
maintained
its profit guidance but joined sector peers in highlighting
a gloomy trading environment in the face of elevated borrowing
costs and wider macro economic concerns.
* ALCHEMY COPYRIGHTS: Alchemy Copyrights has agreed
to buy
music copyright-focussed investment firm Round Hill Music
Royalty Fund RHM.L for about $468.8 million.
* RESTAURANT GROUP: Wagamama owner Restaurant Group RTN.L
said Chairman Ken Hanna will step down after months of pressure
from activist investors to change its management and improve
profitability.
* RECRUITMENT: British employers concerned about the
economic outlook reduced the number of workers they hired via
recruitment agencies last month at the fastest pace in more than
three years, an industry survey showed on Friday.
* ELI LILLY: Eli Lilly's LLY.N diabetes drug Mounjaro has
gained the backing of Britain's healthcare cost-effectiveness
watchdog, which said it would be a good option for patients with
poorly controlled type 2 diabetes.
* OIL: Oil extended losses further receding from this
week's 10-month highs.
* GOLD: Gold firmed as dollar retreated from highs but
the bullion was still en route to a weekly fall.
* METALS: Copper prices were
on track
for their biggest weekly drop in four weeks.
* 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 Radhika Anilkumar and Zainab Saifuddin Saifee in
Bengaluru)
((Radhika.Anilkumar@thomsonreuters.com;))