UK Stocks-Factors to watch on July 31
Adds new items, updates futures
July 31 -Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.8%.
* GSK: British drugmaker GSKGSK.L raised its annual earnings and sales forecasts and posted second-quarter results thatbeat market expectations, boosted by its cancer and HIV portfolio.
* TAYLOR WIMPEY: UK's Taylor WimpeyTW.L said it expects toscale annual homebuild targets towards the upper end of the previous outlook range, as easing mortgage rates boost hopes of a near-term demand recovery, after it posted a half-year profit slump.
* METRO BANK: Britain's Metro BankMTRO.L said itexpected to return to profitability in the fourth quarter, helped by cost-saving measures implemented across the year and the sale of its residential mortgage book to NatWest GroupNWG.L.
* RATHBONES: British wealth manager Rathbones GroupRAT.L reported a 3.4%rise in its funds under management and administration (FUMA) for the first six month of 2024, with improved net flows in the second quarter.
* REACH: Britain's ReachRCH.L, the Daily Mirror and Daily Express publisher, reported a 23%rise in first-half operating profit to 44.5 million pounds ($57.1 million) after cost cuts helped offset a double-digit decline in print advertising revenue.
* WICKES: UK home improvement retailer Wickes GroupWIX.L posted a nearly 4%fall in first-half sales on Wednesday, hit by weakness in its design and installation business as consumers avoid big ticket purchases amid soaring costs of living.
* IQE: British chip components maker IQEIQE.L said it wasplanning an initial public offering for its Taiwan operating unit on the Taiwan Stock Exchange (TWSE).
* OIL: Oil futuresrebounded more than $1 a barrel from 7-week lows after the killing of Hamas leader Ismail Haniyeh.
* 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
Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru
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