Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UPDATE 1-UK Stocks-Factors to watch on July 15

Published 15/07/2020, 07:13
Updated 15/07/2020, 08:01
© Reuters.

Britain's FTSE 100 (.FTSE) index is seen opening 44 points higher at 6,224, on Wednesday, according to financial bookmakers, with futures (FFIc1) up 1% ahead of cash markets open.

UK INFLATION: British inflation rose unexpectedly last month, spurred by rising prices for in-demand computer consoles during the coronavirus lockdown, as well as clothing.

DIXONS CARPHONE: Dixons Carphone (DC.L) opted not to pay a final dividend for its financial year ended in May after strong online sales failed to offset underperformance of its mobile unit.

BURBERRY: Burberry (BRBY.L) said that demand was severely impacted by COVID-19 in the first quarter, with comparable sales falling 45%.

MCCARTHY AND STONE: McCarthy & Stone Plc (MCS.L) swung to a 25 million pound loss in the first half of 2020 and warned of more damage to come.

DUNELM: British home furnishing retailer Dunelm (DNLM.L) said it expects a lower annual pretax profit after its stores were shut due to the coronavirus-linked lockdown.

PREMIER OIL: Oil and gas producer Premier Oil (PMO.L) said it expected to make cash this year based on current futures contract prices.

ASOS: Online fashion retailer ASOS (ASOS.L) said its sales rose 10% in the four months to June 30, benefiting from trading through the coronavirus lockdown.

SOLGOLD: The board of Cornerstone Capital Resources (CGP.V) on Tuesday rejected BHP-backed SolGold Plc's (SOLG.L) takeover offer for the second time.

TESCO: Online shoppers at Tesco (TSCO.L) will be able to order ketchup and Coca-Cola (NYSE:KO) in refillable bottles as part of a pilot service by Britain's biggest supermarket chain.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

BHP: More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound lawsuit against Anglo-Australian miner BHP (BHPB.L) in Britain over a 2015 dam failure.

GSK: An independent panel to the U.S. Food and Drug Administration on Tuesday voted in favour of approving GlaxoSmithKline's (GSK.L) experimental treatment for a common form of blood cancer.

BT: BT (BT.L) said it estimated that a ban on Huawei's equipment in its 5G networks would cost it no more than the 500 million pounds it had earmarked.

OIL: Oil prices rose following a sharp drop in U.S. crude inventories, with the market waiting for next steps from a meeting later in the day on the future level of output cuts by OPEC and its allies.

The UK blue-chip index (.FTSE) ended largely unchanged, but well above session lows on Tuesday. Energy and mining stocks were the best performers on the index for the day, helped by weakness in the pound.

UK CORPORATE DIARY:

McCarthy & Stone (MCS.L) HY Earnings Release
Galliford Try Holdings (GFRD.L) Trading Statement
Dunelm Group (DNLM.L) Q4 Trading Statement
Premier Oil (PMO.L) Trading Statement
Dixons Carphone (DC.L) FY Earnings Statement
Severn Trent (SVT.L) Q1 Trading Statement
Burberry Group (BRBY.L) Q1 Trading Statement
ASOS (ASOS.L) Trading Statement
Hochschild (HOCM.L) Q2 Production results

* 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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.