UK Stocks-Factors to watch on Aug 6

Reuters2021-08-06

Aug 6 (Reuters) - Britain's FTSE 100 index is seen opening lower on Friday, with futures up 0.05%.

  • LONDON STOCK EXCHANGE: LONDON STOCK EXCHANGE GROUP PLC reported a rise of 4.6% in total revenue in the first half of 2021, as it continued to integrate its data and analytics company Refinitiv acquired in a $27 billion deal.
  • CAPITA: CAPITA GROUP said it was on track to deliver organic revenue growth in 2021 as the British outsourcer swung to a first-half profit on strict cost controls and several new contracts.
  • HOUSE PRICES: British house prices rose in July after falling in June as demand for bigger homes following pandemic lockdowns helped to soften the impact of a reduced tax break for buyers, mortgage lender Halifax said.
  • ENERGY PRICES: Energy prices for millions of Britons are expected to rocket from October after the energy regulator said it would increase its cap on the most widely used tariffs by around 12%.
  • BHP: Global miner BHP Billiton said it would spend $544 million to develop its Shenzi North oil project in the Gulf of Mexico, and approved advancing its Trion oil project in Mexico into the design and engineering phase.
  • ECONOMY: Salaries for workers starting permanent jobs in Britain rose by the most on record as employers struggled to find staff while the COVID-19 pandemic kept people away from work, according to a survey published.
  • CLIMATE CHANGE: Britain has launched a 5 million pound ($7 million) research programme to help better prepare for risks posed by climate change such as heatwaves and floods, the government said.
  • GOLD: Gold eased, clinging to the key psychological $1,800 level as the dollar firmed, while investors awaited a key U.S. jobs report to gauge the Federal Reserve's future policy stance.
  • OIL: U.S. crude oil futures edged up, but remained on track for their biggest weekly decline since late October.
  • A strengthening pound weighed on Britain's export-heavy FTSE 100 on Thursday, as the Bank of England sent a clear message of how it plans to rein in its stimulus, when the time comes.
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