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UPDATE 1-UK Stocks-Factors to watch on Sept 7
September 7, 2017 / 6:37 AM / 3 months ago

UPDATE 1-UK Stocks-Factors to watch on Sept 7

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Sept 7 (Reuters) - Britain’s FTSE 100 index is seen opening 10 points higher at 7354.13 on Thursday, according to financial bookmakers, with futures up 0.1 percent ahead of the cash market open.

* BOVIS: British housebuilder Bovis, which was subject to two failed takeover bids earlier this year after it warned on profits, said it would rein in growth plans under a new boss as first-half profits fell 31 percent.

* CAPITA: British outsourcer Capita, looking for a new CEO after a series of profit warnings, lowered its 2016 underlying operating profit on Thursday after adopting new accounting standards.

* ASHMORE: Emerging markets-focused asset manager Ashmore posted a 23 percent rise in full-year pretax profit on Thursday, boosted by growth in assets and performance fee income.

* RBS: Britain’s financial regulator should release a leaked report about Royal Bank of Scotland that alleged many companies suffered from “inappropriate action” by its Global Restructuring Group unit, a senior British lawmaker said.

* ASTRAZENECA: A new kind of injectable biotech treatment for severe asthma from AstraZeneca and Amgen promises to help a much broader range of patients than existing medicines like GlaxoSmithKline’s Nucala.

* THOMAS COOK GROUP: Pilots for Thomas Cook Airlines are set to strike later this week in a dispute over pay after London’s High Court on Wednesday refused to block the industrial action.

* RETAIL: Britain’s Office for National Statistics will delay the publication of retail sales data for August, originally scheduled for Sept. 14, because of technical issues, it said on Wednesday.

* LONDON HOUSING: The mayor of London plans to spend 250 million pounds ($326 million) buying land to tackle the city’s affordable housing crisis, which he described on Wednesday as the single biggest barrier to prosperity for Londoners.

* BREXIT: The British government has asked FTSE 100 companies to sign a public letter endorsing its Brexit strategy, four sources familiar with the matter said on Wednesday, risking further strains with firms who are reluctant to agree.

* BREXIT: The European Union will soon ask Britain to take responsibility for solving the Irish border problems, according to documents leaked to the Guardian.

* EX-DIVS: Admiral Group, Antofagasta, BHP Billiton , CRH, Convatec , Glencore, Land Securities , RSA Insurance, Shire and Standard Life Aberdeen will trade without entitlement to their latest dividend pay-out on Thursday, trimming 6.51 points off the FTSE 100 according to Reuters calculations

* The UK blue chip index closed down 0.25 percent at 7,354.13 points on Wednesday, weighed down by losses among banks and housebuilders although they ended off lows hit on simmering geopolitical tensions in the Korean peninsula.

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

TODAY‘S UK PAPERS

> Financial Times

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