August 24, 2017 / 6:49 AM / a month ago

UPDATE 1-UK Stocks-Factors to watch on Aug 24

(Adds company news items and futures)

Aug 24 (Reuters) - Britain’s FTSE 100 index is seen opening up 10 points on Thursday, according to financial bookmakers, with futures up 0.1 percent ahead of the cash market open.

* DIXONS CARPHONE: Britain’s Dixons Carphone Plc downgraded expectations for full-year profit on Thursday, reflecting tougher conditions in the mobile market as customers hold on to handsets for longer and currency fluctuations made new devices more expensive.

* PHOENIX GROUP: British life insurer Phoenix Group plans to compete “selectively on accretive” bulk annuity deals in response to the large number of portfolios on the market, it said on Thursday.

* HUNTING: Oilfield services company Hunting Plc reported an 82 percent fall in first-half loss as U.S. shale companies drilled more wells, boosting demand for equipment and services.

* PLAYTECH: Gambling technology company Playtech reported half-year revenue up nearly 25 percent on a strong performance by its flagship Casino offering and benefits from recent acquisitions.

* ONESAVINGS BANK: OneSavings Bank Plc reported a 20 percent jump in first-half underlying pretax profit and said the impact of regulation, including additional requirements for specialist underwriting, would shift buy-to-let activity towards the lender’s target market.

* PREMIER OIL: North Sea-focused Premier Oil has raised its 2017 production forecast by up to 7 percent on the back of a forecast-beating performance at its fields that also improved its cash flow and helped it pay down debt.

* SHELL: Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week.

* STONEGATE PUB: Stonegate Pub Company (IPO-SPC.L) on Thursday will take a decision on a 100 million pounds takeover of Revolution Bars, Sky News reported on Wednesday. bit.ly/2g6mbWQ

* OIL: Oil was steady on Thursday, holding gains from the previous session after another fall in U.S. crude inventories indicated a tighter market, and as a tropical storm was heading for oil producing facilities in the Gulf of Mexico.

* EX-DIVS: Carnival, London Stock Exchange Group, Mondi , Paddy Power Betfair and Prudential Plc will trade without entitlement to their latest dividend pay-out on Thursday, trimming 2.32 points off the FTSE 100 according to Reuters calculations

* The UK blue chip FTSE 100 index ended flat at 7,382.65 points on Wednesday, as a sharp fall for advertiser WPP was offset by gains in mining shares, which extended a strong run, and a buoyant health sector.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY‘S UK PAPERS

> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Siju Varghese)

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