UK Stocks-Factors to watch on April 11 (updated)
11/04/2024 07:47
(Adds new items, updates futures)
April 11 - Britain's FTSE 100 .FTSE index is seen
opening higher on Thursday, with futures FFIc1 up 0.32%.
* ASTRAZENECA: Drugmaker AstraZeneca AZN.L said it intends
to increase annual dividend for 2024 by 7% to $3.10 per share,
betting on strong performance and cash generation on the back of
its blockbuster cancer drugs.
* DARKTRACE: Darktrace DARK.L raised its annual
revenue and margin forecasts for the second time in a month
after the British cybersecurity company's third-quarter revenue
jumped nearly 27%.
* LOK'NSTORE: European self-storage company Shurgard
SHUR.BR has agreed to buy UK-listed rival Lok'nStore LOK.L
in a deal worth 378 million pounds ($474 million), the companies
said in a joint statement on Thursday.
* PEPCO: Discounter
Pepco
PCOP.WA reported a 2.5% fall in underlying revenue, based
on like-for-like sales, in its first-half reporting period.
* HOUSING MARKET: Britain's housing market last month
saw the
strongest levels
of interest among buyers in more than two years and a gauge
of house prices also touched its highest since 2022 as a
recovery gathered more momentum.
* BOE: Bank of England policymaker Megan Greene said that
markets now expect that BoE will cut rates earlier and by more
than the Federal Reserve this year, Financial Times reported.
* OIL: Oil prices ticked up during trade, after rising a
dollar a barrel in the prior session.
* GOLD: Gold prices
climbed
, recouping losses from the previous session, as
geopolitical tensions bolstered demand for the safe-haven metal.
* EX-DIVS: Lloyds Banking Group LLOY.L , Reckitt Benckiser
RKT.L , Aviva AV.L , Barratt Developments BDEV.L , Howden
Joinery HWDN.L , Smurfit Kappa SKG.I , Phoenix Group PHNX.L
and F&C Investment Trust FCIT.L will trade without entitlement
to their latest dividend pay-outs on Thursday.
($1 = 0.7977 pounds)
* 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 Prerna Bedi and DhanushVignesh Babu in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))