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UPDATE 1-UK Stocks-Factors to watch on July 16

Published 16/07/2020, 06:51
Updated 16/07/2020, 08:25
© Reuters.

July 16 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 20 points lower at 6,273 on Thursday, according to financial bookmakers, with futures (FFIc1) down 0.5% ahead of cash markets open.

GVC: Ladbrokes (LON:LCL) and bwin owner GVC Holdings (GVC.L) announced the departure of Chief Executive Officer Kenny Alexander, after 13 years at the helm.

ANGLO AMERICAN: Global miner Anglo American (AAL.L) stuck to its full-year guidance for metals, including copper and diamonds, as it posted lower second quarter output.

HAYS: Hays (HAYS.L), one of the world's biggest recruiters, said its fourth-quarter net fees dropped 34% and also warned on annual operating profit.

AVIVA: Aviva PLC (LON:AV) (AV.L) said that it had completed the sale of its Asia and Middle East-focused Friends Provident International business.

EXPERIAN: Experian EXPN.L, the world's biggest credit check company, reported a smaller-than-feared fall in organic revenue for the first quarter.

RBS: Royal Bank of Scotland (RBS.L) will formally change its name to NatWest Group on July 22, in a move aimed at distancing the state-backed lender from its government bailout.

SSE: British renewable power generator and network operator SSE Plc (SSE.L) said it will stick with plans to invest 7.5 billion pounds ($9.4 billion) in low-carbon projects over the next five years.

OIL COMPANIES: A group of the world's top oil companies including Saudi Aramco (SE:2222), China's CNPC and Exxon Mobil (NYSE:XOM) XOM.N have for the first time set targets to cut their combined greenhouse gas emission.

CAR INSURANCE: The cost of a comprehensive motor insurance policy in Britain fell 5% in the second quarter.

BREXIT TRADE: Britain publishes plans to keep trade flowing freely between its constituent nations when regulatory powers are reclaimed from the European Union.

CARNIVAL: Carnival Corp CCL.L is planning to raise about $1.26 billion in a bond offering, the beleaguered cruise operator said on Wednesday.

FISCAL POLICY: Britain may need to run tighter fiscal policy than it has in the past during good economic times due to an apparent increase in the frequency of 'once in a generation' economic shocks, finance minister Rishi Sunak said.

OIL: Oil prices slid after OPEC and allies such as Russia agreed to ease record supply curbs from August.

GOLD: Gold prices held steady near a nine-year peak, as concerns over rising coronavirus cases and simmering U.S.-China tensions offset some silver linings from Chinese economic data.

The UK blue-chip index (.FTSE) ended up 1.8% on Wednesday, as signs of progress in developing a COVID-19 vaccine bolstered hopes of a swift post-pandemic economic rebound.

UK CORPORATE DIARY:

Anglo American (AAL.L) Q2 production report
Mirada PLC (MIRA.L) FY Earnings Releases
Hays PLC (HAYS.L) Q4 Trading statement
Experian (EXPN.L) Q1 update
GVC (GVC.L) Trading update
SSE (SSE.L) Q1 trading statement

* 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

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