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UPDATE 1-UK Stocks-Factors to watch on Aug 20

Published 20/08/2019, 07:54
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Aug 20

(Adds news items, futures)

Aug 20 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 4

points higher at 7192.5 on Tuesday, according to financial bookmakers, with

futures FFIc1 up 0.1% ahead of the cash market open.

* FINABLR: United Arab Emirates-based payment solutions business Finablr

FINF.L , which listed in London in May, on Tuesday posted a 9.1% rise in

half-year group income, saying earnings were at the upper end of its guidance.

* WOOD: British oilfield services provider Wood Plc WG.L said it would

sell its nuclear energy business for about $305 million to Jacob Engineering

JEC.N and reported a 2.6% drop in first-half revenue. * BARCLAYS: Activist investor Edward Bramson is continuing to push for an

overhaul of British banking giant Barclays BARC.L , according to a report filed

by his investment vehicle Sherborne Investors SIGC.L . * PERSIMMON: Britain's second largest housebuilder Persimmon PSN.L

reported a slightly lower first-half pretax profit due to delays in delivering

properties that were close to completion as it focused on better quality and

customer service. * ASTRAZENECA: British drugmaker AstraZeneca Plc AZN.L said that its

diabetes drug Farxiga met the main goal of a late-stage study for the treatment

of patients with heart failure. * NON-STANDARD FINANCE: Doorstep lender Non-Standard Finance NSF.L posted

a massive first-half loss on Tuesday, partly due to costs related to its failed

takeover attempt of larger rival Provident Financial, while a strong market

demand led to a jump in adjusted earnings. * OFGEM: A blackout in Britain which left almost one million homes without

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power on Aug. 9 was the result of a lightning strike, the grid operator said in

a preliminary report. * GREENE KING: British pubs operator Greene King GNK.L has agreed to a 4.6

billion pounds bid from a Hong Kong-listed company founded by the territory's

richest man Li Ka-Shing, which said it was seeking to increase its UK presence

even as Brexit looms. * BHP: BHP Group BHPB.L posted its largest annual profit in five years and

record full-year dividends, but its share price eased as the world's biggest

miner flagged global economic headwinds that could hit demand for its key

commodities, iron ore and copper. * OIL: Crude oil prices held mostly steady on optimism that U.S.-China trade

tensions would ease and on hopes that major economies would enact stimulus

measures to counter a possible global economic slowdown that could affect oil

demand. * GOLD: Gold prices were flat, after declining more than 1% in the previous

session hit by an uptick in risk appetite, while investors awaited meetings by

policy-makers later in the week for clues on possible interest rate cuts.

* London's FTSE 100 bagged gains of 1% on Monday led by oil majors and

Asia-exposed banks that rose on moves by China to keep business interest rates

low, while pub operator Greene King helped midcaps outshine after agreeing to be

bought out.

* 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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