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UPDATE 1-UK Stocks-Factors to watch on Aug. 6

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

Aug 6 (Reuters) - Britain's FTSE index is seen opening 49 points lower at 6,056 on Thursday, according to financial bookmakers, with futures (FFIc1) down 0.5% ahead of cash markets open.

GLENCORE: Glencore (GLEN.L) said it was scrapping its dividend to focus on lowering debt as the COVID-19 pandemic forced it to book a $3.2 billion impairment charge.

ITV : ITV (ITV.L), Britain's biggest free-to-air commercial broadcaster, reported a 50% drop in adjusted earnings for the first half.

SAVILLS: Real estate agency Savills Plc (SVS.L) reported a 69% drop in first-half pretax profit.

SERCO: British outsourcer Serco (SRP.L) reported a 53% jump in first-half profit.

AVIVA: British life, motor and home insurer Aviva (AV.L) said it would reduce its focus on its Asia and Europe businesses as it posted a 12% drop in first-half operating profit.

IMPERIAL BRANDS: Cigarette maker Imperial Brands said Chief Finanical Officer Oliver Tant has decided to retire.

PHOENIX GROUP: Insurer Phoenix Group PHNX.L posted an 11% rise in half-year earnings and raised its 2020 cash generation target.

HAMMERSON: British shopping centre operator Hammerson (HMSO.L) said it planned to raise 825 million pounds ($1.08 billion) through a rights issue and disposal of its 50% stake in joint venture VIA Outlets to its partner APG.

MEGGITT: British engineer Meggitt (MGGT.L) said its financial position and liquidity remain strong in a statement issued in response to press speculation.

BOE: Britain's banks hold enough capital to keep on lending and absorb the losses that are likely to arise due to the COVID-19 pandemic, the Bank of England said.

GSK: The U.S. Food and Drug Administration on Wednesday approved GlaxoSmithKline's experimental treatment for a common form of blood cancer.

HOMEBUILDING: Britain will set out proposals to speed up homebuilding by cutting red tape and opening up the sector to smaller firms, in a bid to address a long-term housing shortage.

OIL: Oil prices were mostly flat, as a boost from lower-than-expected U.S. crude stocks that lifted the market to five-month highs in the previous session gave way to fuel demand concerns amid rising coronavirus infections.

GOLD: Gold steadied after hitting a record high in the previous session as dismal U.S. jobs data hammered the dollar.

EX-DIVS: BAE Systems, Fresnillo, Rio Tinto and Unilever will trade without entitlement to its latest dividend pay-out on Thursday, trimming 8.4 points off the FTSE 100 according to Reuters calculations.

The UK blue-chip index (.FTSE) gained 1.1% on Wednesday with a five-month high for crude prices lifting oil majors BP and Royal Dutch Shell.

UK CORPORATE DIARY:

EVRAZ plc (LON:EVRE) HY Results
Spirent Communications plc (LON:SPT) HY Results
Aggreko PLC (AGGK.L) HY Results
Hammerson PLC (LON:HMSO) HY Results
Serco Group PLC (SRP.L) HY Results
Synthomer PLC (LON:SYNTS) HY Results
Mondi PLC (LON:MNDI) HY Results
Genel Energy PLC (GENL.L) HY Results
Aviva PLC (LON:AV) HY Results
ITV PLC (LON:ITV) HY Results
ConvaTec Group PLC (LON:CTEC) HY Results
Amryt Pharma Holdings Ltd (NASDAQ:AMYT) Q2 Results
Phoenix Group Holdings PLC (LON:PHNX) HY Results
Savills (LON:SVS) HY Results
Glencore (GLEN.L) HY Results

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