UK Stocks-Factors to watch on July 12 (updated)
12/07/2024 07:43
(Adds new items, updates futures)
July 12 - Britain's FTSE 100 .FTSE index is seen
opening higher on Friday, with futures FFIc1 up 0.5%.
* ASHMORE: British fund manager Ashmore ASHM.L reported a
further $2 billion of quarterly net outflows of client cash, as
investors continued to shun the specialist firm's emerging
markets funds.
* Investment fund Oaktree Capital Management disclosed a
6.3%
stake
in Indivior Plc INDV.L , days after the drugmaker issued a
profit warning and signalled a slowdown in sales of its
top-selling opioid addiction treatment.
* UK ECONOMY: Britain's new government has
inherited
an economy that is gathering momentum but the recent,
stronger-than-expected growth figures do not mean Prime Minister
Keir Starmer and his team have found a way out of their bind on
public spending.
* PUBS, SUPERMARKETS, RESTAURANTS: English pubs,
supermarkets and restaurants are set for a weekend bonanza as
fans prepare to tune in to watch England play Spain in the
final
of the Euro 2024 soccer championship in Germany and before
that the Wimbledon tennis men's singles final in London.
* DRILLING: Britain has reversed a decision to grant
permission for an oil drilling operation and dropped its defence
to a legal challenge over a disputed new coal mine, campaigners
said on Thursday, after a landmark ruling on fossil fuel
projects.
* OIL: Oil prices inched up amid signs of easing
inflationary pressures in the world's biggest oil consumer, the
United States, though the contracts were headed for a weekly
decline.
* GOLD: Gold prices edged lower, but were headed for a third
straight week of gains as cooler-than-expected U.S. inflation
data boosted hopes of the Federal Reserve cutting interest rates
in September.
* 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 DhanushVignesh Babu in
Bengaluru)
((Radhika.Anilkumar@thomsonreuters.com;))