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UPDATE 1-UK Stocks-Factors to watch on Sept 26

Published 26/09/2019, 07:52
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Sept 26
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(Adds news items, futures)

Sept 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 6

points to 7,284 on Thursday, according to financial bookmakers, with futures

FFIc1 down 0.03% ahead of the cash market open.

* ICAG: British Airways owner IAG ICAG.L said it expects full-year

operating pretax profit to be 215 million euros lower than last year, as pilot

strikes led to thousands of cancelled flights and disruptions at the airline.

* SSE: Utility SSE Plc SSE.L warned that annual profit at its electricity

distribution business would be 25 million pounds ($30.89 million) lower than its

prior forecast because of lower-than-expected volumes. * WOODFORD: Woodford Patient Capital Trust plc WPCT.L , the listed trust

run by money manager Neil Woodford, said that its administrator would cut the

valuations of three of its holdings due to a "challenging fundraising

environment." * CRH: Ireland's CRH CRH.I said it had appointed Richard Boucher as the

company's new chairman to replace Nicky Hartery who will retire at the end of

the year. * PEARSON: British education company Pearson PSON.L warned its full year

profit would be at the bottom of its guided range, blaming weaker than expected

trading in its U.S. higher education courseware business in the key selling

season. * IMPERIAL BRANDS: British tobacco company Imperial Brands Plc IMB.L said

it now expects full-year profit to be flat compared to last year in the face of

a regulatory backlash against vaping in the United States that could reshape the

industry. * BARCLAYS: Barclays BARC.L Chairman Nigel Higgins has secured two of the

biggest names in global finance to revitalise the board of the British lender,

in its latest attempt to quell dissent from rebel shareholder Edward Bramson.

* SAINSBURY: The chief executive of Britain's Sainsbury's SBRY.L has

reaffirmed his commitment to leading the supermarket group, saying a major

investor event on Wednesday was not a beauty contest for his potential

replacement. * PRUDENTIAL: Professional loan provider PRU.L will spin off its UK and

European insurance and asset management business M&G in October, Britain's

largest insurer said in a prospectus published on Wednesday, dividing the

insurance giant into two large-cap stocks. * BAE SYSTEMS: British military equipment manufacturer, BAES.L has been

awarded a $2.7 billion U.S. defense contract for production of the Advanced

Precision Kill Weapon System, the Pentagon said on Wednesday.

* OIL: Oil prices were steady on Thursday after falling the previous two

sessions on industry concerns about rising supplies and signs of slowing

demand. * GOLD: Gold prices inched up as a sharp drop in the previous session

attracted some bargain hunters, but a stronger dollar as U.S. President Donald

Trump hinted at a Sino-U.S. trade deal kept the gains in check. * EX-DIVS: Hargreaves HRGV.L , Intertek ITRK.L , Morrison MRW.L and

Smurfit Kappa SKG.L will trade without entitlement to its latest dividend

pay-out on Thursday, trimming 1.1 points off the FTSE 100, according to Reuters

calculations.

* The UK blue chip index closed flat on Wednesday after recovering from an

initial slide, with the help of a steep drop in sterling, as UK stocks were

weighed down by uncertainty over Brexit as parliament reconvened after a court

ruling against the prime minister. * For more on the factors affecting European stocks, please click on:

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TODAY'S UK PAPERS

> Financial Times PRESS/FT

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