UK Stocks-Factors to watch on August 5 (updated)
05/08/2025 07:56
Adds company news, updates futures Aug 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.5%. * BP: BP BP.L will review its portfolio of assets and consider further cost cuts as part of a drive to do better for shareholders, as it reported a second-quarter profit that easily beat expectations. * DIAGEO: Diageo DGE.L, the world's biggest spirits maker, forecast fiscal 2026 organic sales growth to be similar to fiscal 2025 including the impact of U.S. tariffs, and raised its cost-savings target to about $625 million. * SPECTRIS: British scientific instruments maker Spectris SXS.L has agreed to a sweetened offer from U.S. private equity firm KKR KKR.N valuing it at 4.8 billion pounds ($6.4 billion), withdrawing its backing for a lower offer from rival suitor Advent. * DOMINO'S PIZZA GROUP: Britain's Domino's Pizza Group DOM.L lowered its annual core profit forecast, as an increase in employment costs compounded troubles for the fast-food chain already reeling from weak customer demand. * TRAVIS PERKINS: British building materials supplier Travis Perkins TPK.L reported a 24% drop in first-half adjusted operating profit, hurt by a prolonged downturn in the UK's construction market. * SMITH+NEPHEW: British medical products maker Smith+Nephew SN.L posted an 11.2% jump in first-half profit, and also announced a new $500 million share buyback for the second half of the year. * NEW CAR SALES: British new car registrations fell about 5% year-on-year in July, according to preliminary data released on Tuesday by the Society of Motor Manufacturers and Traders. * COMMODITIES: Oil prices drifted lower, gold prices steadied and copper prices rose on Tuesday. * 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 (Compiled by Nithyashree R B in Bengaluru) ((NithyashreeRB@thomsonreuters.com;))