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UK Stocks-Factors to watch on July 5
July 5, 2017 / 5:31 AM / 2 months ago

UK Stocks-Factors to watch on July 5

    July 5 (Reuters) - Britain's FTSE 100 index is seen rising slightly
at the open on Wednesday, according to financial bookmakers. 
    
    * MAN GROUP: Man Group, the world's biggest listed hedge fund, has
closed down a quantitative trading division as it looks to focus on other
strategies, Bloomberg reported citing a person with knowledge of the matter. (bloom.bg/2sDAbNr)
    * SHELL: Pakistan's oil and gas regulator expects the first report this week
on a road tanker explosion, involving a Shell Pakistan contractor, that killed
209 people, a spokesman for the regulatory authority said on Tuesday. Shell
Pakistan Ltd, a subsidiary of energy giant Royal Dutch Shell, issued a
statement shortly after the accident saying it would cooperate fully with all
investigations. 
    * WORLDPAY: Worldpay Group Plc, Britain's largest payment processor,
on Tuesday received rival bid approaches from U.S. credit card technology firm
Vantiv Inc and JPMorgan Chase Bank, sending its shares up by
more than 25 percent.
    * LSE: FTSE Russell is likely to restrict the inclusion of companies with
unequal voting rights in some of its equity indexes, to address investor
concerns over falling corporate governance standards, the CEO of the world's
largest index company, owned by the London Stock Exchange Group, said.
    * SPORTSDIRECT: Mike Ashley, the founder of British retailer Sports Direct
, allegedly "secretly" paid the firm's former CEO 1 million pounds a year
as a bonus from his personal funds to allegedly keep down the pay of other
staff, the Guardian reported. (bit.ly/2tFS2Tv)
 
    * NORTH KOREA: North Korea said on Wednesday its newly developed
intercontinental ballistic missile (ICBM) can carry a large nuclear warhead,
triggering a call by Washington for global action to hold it accountable for
pursuing nuclear weapons.
    * QATAR: Qatar announced plans for a steep rise in Liquified Natural Gas
(LNG) production capacity on Tuesday that suggested it was ready for a
protracted dispute with Gulf neighbours, but Doha said it was doing all it could
to reach agreement.
    * UK SHOP PRICES: Overall prices in British shops fell in June at the
slowest annual pace since November 2013, the British Retail Consortium (BRC)
said on Wednesday, adding it expects rising inflation pressure soon to prompt
outright price increases.
    * UK HOUSEHOLDS: A Bank of England policymaker who last month voted to raise
interest rates was quoted as saying on Tuesday that he was "reasonably
confident" that investment and exports would compensate for a consumer slowdown.

    * OIL:  Oil dipped on Wednesday, pulled down by another rise in OPEC
supplies despite a pledge to cut production, but geopolitical tensions in the
Korean peninsula and the Middle East put a floor under prices.
    * GOLD: Gold prices edged up on Wednesday as tensions on the Korean
peninsula stoked safe-haven demand for the metal, while the release of minutes
from the U.S. Federal Reserve's last meeting was also in focus.
    * COPPER: London copper was treading water on Wednesday amid heightened risk
aversion in Asia following a North Korean missile test, while strike threats at
a South American copper mine lent support to prices.

    * The UK blue chip index ended down 0.3 percent at 7,357.23 points on
Tuesday, as a rally in Worldpay shares to a record high was not enough
to offset a broad-based decline among British shares, after a strong start to
the second half for the UK's top share index. 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:
    
 Persimmon Plc                    Trading Statement
 SIG Plc                          Half Year 
 Topps Tiles Plc                  Q3 
 Booker Group Plc                 Q1 
 Ocado Group Plc                  Half Year 
 McCarthy & Stone Plc             Trading Statement
 
    
        
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 (Reporting by Noor Zainab Hussain in Bengaluru)
  

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