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UPDATE 1-UK Stocks-Factors to watch on July 16

Published 16/07/2019, 08:05
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on July 16
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(Adds company news items, futures)
July 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 point
higher at 7,533 on Tuesday, according to financial bookmakers, with futures
FFIc1 down 0.17% ahead of the cash market open.
* HAYS: Recruiter Hays Plc HAYS.L saw no growth in net fees in the fourth
quarter as weak hiring in Australia, New Zealand and Britain offset strong
performance in its biggest market Germany. * INMARSAT: The Competition and Markets Authority (CMA) said it was looking
whether the proposed acquisition of British satellite company Inmarsat ISA.L
by a private equity-led consortium would affect the competitive landscape.

* EXPERIAN: Experian EXPN.L , the world's biggest credit data company,
reported a 4% rise in revenue, benefiting from higher business across
automotive, health, business credit and decision analytics segments in North
America, its largest market. * A.G.BARR: Irn-Bru maker A.G.Barr BAG.L said it expected profit to fall
20% this year compared to last, citing disappointing spring and early summer
weather and trading challenges in its Rockstar energy and Rubicon juice drink.

* HASTINGS: Insurer Hastings Group HSTG.L said half-yearly underlying loss
ratio would be at the top end of its target range, as the proposed change in
Britain's discount rate used to calculate compensation for personal injuries was
expected to hurt. * RYANAIR: Europe's largest budget carrier Ryanair RYA.I has cut its
forecast for growth in traveller numbers next summer to 3% from a previous 7%,
saying it was providing for the possibility of further delays in deliveries of
Boeing 737 MAX planes.
* BURBERRY: British luxury brand Burberry BRBY.L reported a stronger than
expected 4% rise in first-quarter comparable store sales, lifted by new designs
from creative chief Riccardo Tisci.
* CRH: Irish cement maker CRH CRH.L CRH.I said it has agreed to sell
its European distribution arm to private equity funds managed by Blackstone
Group Inc BX.N for an enterprise value of about 1.64 billion euros ($1.85
billion).
* PEARSON: Pearson PSON.L , the world's biggest education company, will
release all its titles for the United States college market in digital form
first, in a break from the traditional and more expensive textbook publishing
model. * RIO TINTO: Rio Tinto RIO.AX flagged a cost blowout of up to $1.9 billion
and a delay of up to 30 months at its Oyu Tolgoi underground copper mine in
Mongolia, the miner's key growth project. * GOLD: Gold prices held steady as investors awaited U.S. retail sales data
that could serve as an indicator of the strength of the world's largest economy
amid lingering concerns over global economic slowdown. * OIL: Oil prices sank about 1% on Monday on signs that the impact of a
tropical storm on U.S. Gulf Coast production and refining would be short-lived,
while Chinese economic data dimmed the crude demand outlook. * The UK blue chip index closed 0.3% higher on Monday, ending its longest
losing streak in three-and-a-half years as Chinese data eased investor concerns
over a global growth slowdown. * 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

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