UK Stocks-Factors to watch on July 10
Adds news items, updates futures
July 10 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.2%.
* BARRATT: Britain's Barratt DevelopmentsBDEV.L forecast an up to 7%fall in its homebuild targets for fiscal year 2025, as elevated mortgage rates and broader economic concerns hold back recovery in the country's housing sector.
* TRAVIS PERKINS: British construction materials firm Travis PerkinsTPK.L named Pete Redfern as its nextCEO, succeeding Nick Roberts who will step down on Sept. 16 after five years at the helm.
* J D WETHERSPOON: British pub group J D WetherspoonJDW.L reportedslower sales growth in the 10 weeks of the fourth quarter, hurt by cost pressures in labour and some raw materials.
* DIRECT LINE: British insurer Direct LineDLGD.L willlaunch its eponymous motor insurance brand on price comparison websites and plans to pay around 60% of its operating earnings as regular dividend, it said as part of a refreshed strategy.
* LIONTRUST: Liontrust Asset ManagementLIO.L reported a 2.8%fall in assets under management and advice (AUMA) to 27 billion pounds ($35 billion) in the second quarter, despite stemming net outflows to 900 million pounds over the period from 1.6 billion pounds a year ago.
* BOE:The Bank of England said it would increase scrutiny of risks such as bulk purchase annuities, or insurers taking over company defined benefit pension schemes, a growth area in the sector.
* OIL: Oil pricesdipped after inflation in top crude importer China came in weaker than expected, while traders weighed the rising possibility of a ceasefire deal in Gaza as negotiations are set to resume later in the day.
* 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
($1 = 0.7820 pounds)
Reporting by Radhika Anilkumar and DhanushVignesh Babu in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
