UK Stocks-Factors to watch on August 2

Virgin Money UK

02/08/2024 05:57

Aug 2 - Britain's FTSE 100  .FTSE  index is seen opening
higher on Friday, with futures  FFIc1  up 0.1%. 
    
    * IAG: British Airways owner IAG  ICAG.L  terminated its
proposed takeover of Spain's Air Europa citing regulatory
environment concerns, less than two months after it offered
remedies to antitrust regulators to secure approval for the
deal.
    * PRUDENTIAL: Insurer Prudential Financial  PRU.N  reported
a rise in second-quarter adjusted profit as its U.S. unit was
boosted by stronger underwriting and higher investment returns. 
    * OIL: Oil prices rose but were set for a fourth successive
weekly decline, as signs of disappointing global fuel demand
growth outweighed fears of supply disruptions.
    * METALS: Base metals declined as weak manufacturing data
from the United States and China exacerbated worries about the
global economic outlook and sparked more demand concerns.
    * FTSE: London stocks slipped around 1% on Thursday, hurt by
losses in the financial sector as the Bank of England cut
interest rates from a 16-year high but suggested a cautious
approach towards further reductions.
    
    * UK CORPORATE DIARY:   
     Capita         CPI.L         HY Results
  Virgin Money      VMUK.L    Q3 Trading update
        
  
    * 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 in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))