UK Stocks-Factors to watch on Aug 24



Aug 24 (Reuters) - Britain's futures FFIc1 up 0.18% on Tuesday. The FTSE 100 .FTSE index ended higher on Monday after recording its worst week since February.

* BHP GROUP: BHP Group BHP.AX is at risk of a two notch downgrade that would provoke its lowest ever credit rating as the sale of its petroleum business raises the miner's dependence on its major business of iron ore, S&P Global said on Tuesday.

** WM MORRISONS: Morrisons MRW.L shareholder Legal & General said it believed the true value of the supermarket chain should be realised following the sweetened bid from private equity group CD&R, with more attention now being paid to its property assets.

** DIDI: Chinese ride-hailing giant Didi Global Inc DIDI.N has suspended its plans to launch in Britain and continental Europe, The Telegraph reported, against the backdrop of a regulatory backlash at home over data privacy.

* OIL: Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand would follow a potential step up in U.S. coronavirus vaccination rates.

* GOLD: Gold prices hovered above the key psychological level of $1,800, as the looming threat from the Delta coronavirus variant fanned expectations that the U.S. Federal Reserve might delay dialling back its pandemic-era stimulus.

* London's FTSE 100 ended higher on Monday after recording its worst week since February, as heavyweight energy and mining stocks jumped, while a drop in business activity raised worries of slower economic growth.

* UK CORPORATE DIARY: PureTech Health

PRTC.L

HY results Wood Plc

WG.L

HY results

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting By Geetha Panchaksharam)

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.