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UPDATE 1-UK Stocks-Factors to watch on Aug. 7

Published 07/08/2020, 06:58
Updated 07/08/2020, 07:59
© Reuters.

Aug 7 (Reuters) - Britain's FTSE 100 index is seen opening 21 points lower at 6,006 on Friday, according to financial bookmakers, with futures (FFIc1) seen almost flat ahead of cash markets open.

HIKMA: Hikma Pharmaceuticals (HIK.L) revised its annual sales outlook for two of its biggest divisions and reported higher first-half profit.

TP ICAP (LON:NXGN): TP ICAP (TCAPI.L) said its second-half started with lower July volumes, as the early euphoria in its broking business caused by the pandemic has started to fade as lockdown restrictions eased.

HARGREAVES LANSDOWN: Fund supermarket Hargreaves (HRGV.L) reported a surge in full-year earnings as the COVID-19 pandemic fuelled record levels of share trading.

RIGHTMOVE: Property website Rightmove (RMV.L) reported a lower first-half operating profit, as the coronavirus outbreak halted property deals, hammering agents and developers who are its main clients.

STANDARD LIFE ABERDEEN: Asset manager Standard Life Aberdeen's (SLA.L) pre-tax profit fell 30% to 195 million pounds in the first half due to the impact of the coronavirus pandemic on markets.

OFGEM: Energy prices are set to fall for millions of British households this winter after the energy regulator said its cap on the most widely used tariffs would be lowered by about 7.5% from Oct. 1.

TRAVEL: Britain will not hesitate to add more countries to its quarantine list, finance minister Rishi Sunak said, when asked about whether France could join Spain on the list.

ASTRAZENECA: Japan will soon agree a supply deal for over 100 million doses of AstraZeneca's coronavirus vaccine, reports said, while Brazil will provide $356 million in funds to purchase and produce the shot.

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ROLLS-ROYCE: Activist shareholder ValueAct Capital sold its entire stake in British aero-engineer Rolls-Royce.

RIO TINTO: Rio Tinto did not tell Aboriginal traditional owners of two ancient caves destroyed to mine iron ore about three alternative mine plans, its CEO told an inquiry, despite saying it had won fully informed consent for blasting.

BP : BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources said.

HSBCHSBC has promoted Christophe Oleron to the role of Global Head of Trading for index arbitrage, Delta One and stock borrowing & lending, two sources said.

OIL: Oil prices slipped, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases.

GOLD: Gold smashed a record high as a safety rush fuelled by the worsening coronavirus pandemic.

The UK blue-chip index (.FTSE) was down 1.3% on Thursday as commodities giant Glencore tumbled after scrapping its dividend, while the Bank of England forecast a slower-than-expected rebound from the pandemic.

UK CORPORATE DIARY:

Standard Life Aberdeen (SLA.L) HY Earnings Release
Hikma Pharmaceuticals (HIK.L) HY Earnings Release
TP ICAP (TCAPI.L) HY Earnings Release
Hargreaves Lansdown (HRGV.L) FY Earnings Release
Rightmove (RMV.L) HY Earnings Release

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