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UPDATE 1-UK Stocks-Factors to watch on Aug 29

Published 29/08/2019, 07:48
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Aug 29
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(Adds company news items and futures)

Aug 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 17

points lower at 7,097

on Thursday, according to financial bookmakers, with futures FFIc1 down 0.34%

ahead of the cash market open.

* MICRO FOCUS: British IT group Micro Focus Intl MCRO.L said it would miss

its revenue target for the year, blaming weak sales that was compounded by a

deteriorating economic environment, and decided to speed up a review of its

operations. * ASTRAZENECA: AstraZeneca Plc AZN.L said its experimental drug to treat

moderate-to-severe lupus, anifrolumab, met its main goal in a late-stage study.

* CHESNARA: Pension and life insurance administrator Chesnara CSN.L said

it posted higher first-half profit as its Scildon business benefited from better

conditions in the investment market, but it warned low interest rates will

strain its cash generation. * HUNTING: British oilfield services firm Hunting Plc HTG.L posted a 6.6%

rise in first-half core profit, helped by strong demand for its equipment in the

United States. * BRITAIN-EU: Britain's Leader of the House of Commons Jacob Rees-Mogg said

lawmakers who want to stop a no-deal Brexit have two choices: change the law or

change the government, and if they fail to choose, Britain will leave the

European Union on Oct. 31. * BP: Operations were normal at BP Plc's BP.L 430,000-barrel-per-day (bpd)

Whiting, Indiana, refinery on Wednesday despite talk in Midwestern refined

products markets that at least one unit had been shut at the refinery, said

sources familiar with plant operations. * IAG: Ground crew of Spanish flag carrier Iberia, part of British Airways

owner International Airlines Group ICAG.L will go ahead with planned strikes

at Barcelona's El Prat airport on Aug. 30-31, trade union UGT said on Wednesday,

only a few hours after suggesting the stoppage could be called off. * Goldman Sachs-backed GS.N British broadband operator CityFibre has

tabled a bid for rival TalkTalk's TALK.L network company, FibreNation, Sky

News reported on Wednesday. * BREXIT: Deutsche Bank (DE:DBKGn) on Wednesday retained its estimate that there is a

50:50 chance Britain will crash out of the European Union without a deal with

Brussels following Prime Minister Boris Johnson's move to suspend parliament.

* BREXIT: A petition opposing Prime Minister Boris Johnson's decision to

suspend parliament for a month in the run-up to the planned Brexit date of Oct.

31 gained more than 450,000 signatures in a matter of hours after Johnson's

announcement. * BREXIT: Britain's deepening political crisis over its exit from the

European Union will weigh on London's blue-chip stocks index .FTSE well into

next year, as investors continue to steer clear of the region's assets,

according to a Reuters poll. * AUTOMOBILE: British new car production fell by an annual 10.6% in July,

the 14th consecutive month of declines due to weak demand in EU and Asian

markets and model changes, an industry body said on Thursday. * OIL: Oil prices fell for the first time in three days after San Francisco

Federal Reserve President Mary Daly sounded a note of concern about the strength

of U.S. economy. * GOLD: Gold prices eked out gains against the backdrop of recession fears,

with traders tracking signs of progress on the U.S.-China trade talks and global

central banks for direction on interest rates. * EX-DIVS: Auto Trader AUTOA.L , InterContinental Hotels IHG.L and St

James Place SJP.L will trade without entitlement to their latest dividend

pay-out on Thursday, trimming 0.8 points off the FTSE 100 according to Reuters

calculations. .L/XD

* Britain's Brexit-sensitive domestic stocks fell on Wednesday as renewed

worries about the country leaving the European Union without a deal pressured

sterling and sapped investor appetite for stocks sensitive to slowing consumer

spending. * For more on the factors affecting European stocks, please click on:

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TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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