UK Stocks-Factors to watch on July 20



July 20(Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Wednesday, with futures FFIc1 up 0.47%.

* ABRDN: British asset manager Abrdn Plc ABDN.L is preparing to sell its private equity business as part of a streamlining process under Chief Executive Stephen Bird, Sky News reported on Tuesday.

* LSEG: The London Stock Exchange Group LSEG.L said on Tuesday it has launched a taskforce to drive through financial reforms announced by British government to buttress the capital's attraction for global investors.

* MEGGITT: Britain's business minister Kwasi Kwarteng has approved the 6.3 billion-pound ($7.57 billion) takeover of London-based defence firm Meggitt MGGT.L by U.S. engineering and aerospace company Parker-Hannifin PH.N , his department said on Tuesday.

* POLYMETAL: Polymetal POLYP.L is considering disposing of its Russian assets in a shift to focus on its operations in Kazakhstan, the gold and silver producer said on Tuesday, sending its London-listed shares up 35%.

* ROYAL MAIL: More than 115,000 postal workers at Royal Mail RMG.L have voted to strike over pay, trade union CWU said on Tuesday, putting them on course for what could be the biggest industrial action to hit Britain this summer.

* BOE: Bank of England Governor Andrew Bailey said the central bank was considering reducing its British government bond holdings by 50 billion to 100 billion pounds ($60 billion-120 billion) in the space of a year through a mix of active sales and gilt redemptions.

* OIL: Oil prices edged down on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.

* UK's benchmark FTSE 100 index rose on Tuesday as a buoyant global mood and strong gains by banks and consumer staples offset fears of a big interest rate hike next month after stronger-than-expected jobs data.

* UK CORPORATE DIARY:

Centamin

CEY.L

Q2 2022 report

Antofagasta

ANTO.L

Q2 Production report

PayPoint

PAYP.L

Q1 trading update

Royal Mail

RMG.L

Q1 trading update

Premier Foods

PFD.L

Q1 trading update

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines


Reporting by Muhammed Husain in Bengaluru

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.