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UPDATE 1-UK Stocks-Factors to watch on July 9

Published 09/07/2019, 08:01
Updated 09/07/2019, 08:10
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on July 9
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(Adds company news items, futures)
July 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 17
points lower at 7,532 on Tuesday, according to financial bookmakers, with
futures FFIc1 down 0.18% ahead of the cash market open.
* YOUNG & CO: Young & Co's Brewery YNGa.L said unseasonable wet weather in
the first 13 weeks of its fiscal year hit like-for-like managed house sales, but
it remained positive about the year ahead.
* OCADO: Britain's Ocado OCDO.L , the online supermarket and technology
company, reported a 46% fall in first-half core earnings, reflecting the impact
of a fire at a flagship robotic warehouse as well as accounting changes and the
cost of share schemes. * ROBERT WALTERS: British recruiter Robert Walters Plc RWA.L said its
gross profit in the home market fell 8% in the second quarter, as companies held
back on hiring new candidates because of economic uncertainty brought on by
Brexit.
* BOVIS HOMES: Bovis Homes Group Plc BVS.L said it expects to report a
significant improvement in first-half profit, with demand for new homes fuelling
an improved annual operational and financial performance.
* EDDIE STOBART: Eddie Stobart Logistics ESLE.L said it expected
first-half adjusted operating earnings to be at the lower end of its
expectations due to a slowdown in some businesses and "a problematic contract".
* MICRO FOCUS: Britain's Micro Focus International MCRO.L reported a 1.8%
rise in first-half core earnings to $662 million after it squeezed more profit
from the legacy software it provides to companies.
* GVC HOLDINGS: Online gaming company GVC Holdings Plc GVC.L on Monday
denied a report that Chief Executive Officer Kenneth Alexander last year sold
the company's Turkish unit to a business partner to push through the acquisition
of rival Ladbrokes. * KCOM: British pension fund Universities Superannuation Scheme Ltd said on
Monday its Humber Bidco unit had bid 108.5 pence per share in an auction for
KCOM Plc KCOM.L , valuing the telecom network and cloud-based service provider
at about 566 million pounds ($708.52 million). * OIL: Oil fell on Tuesday amid worries over the outlook for demand after
the latest signs that international trade disputes have been dragging on the
global economy, although the potential for conflicts in the Middle East offered
support to prices. * GOLD: Gold prices ticked lower as the dollar held near multi-week highs on
reduced expectations of an aggressive U.S. rate cut, although softer share
markets capped the metal's losses. * The UK blue chip index closed 0.1% lower on Monday, as markets remained
subdued on dampened hopes of a hefty rate cut by the U.S. central bank, while
tobacco stocks jumped on Imperial Brands' buyback and dividend revision plans.
* For more on the factors affecting European stocks, please click on:
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TODAY'S UK PAPERS
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