UK Stocks-Factors to watch on July 30

July 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.70%.

* JUPITER FUND MANAGEMENT: Jupiter Fund Management JUP.L posted a surge in half-year profit, with gross inflows and assets under management touching record levels on strong investor sentiment.

* NATWEST: NatWest NWG.L restored dividends and announced a share buyback, rounding out a week of vastly improved earnings for British banks.

* MORRISONS: Fortress Investment said Britain's competition regulator has not opened an inquiry nor indicated in writing that it was looking to do so in relation to the group's 6.3 billion pound bid for supermarket group Morrisons MRW.L .

* IAG: IAG ICAG.L said summer capacity would rise to 45% from 22% in the previous quarter, in the latest sign that a travel recovery is underway.

* PEARSON: Pearson PSON.L reported a better than expected rebound in first-half profit and a 17% jump in underlying sales driven by demand for online learning.

* BABCOCK INTERNATIONAL: Babcock International BAB.L reported a bigger annual loss after taking charges and impairments of 2 billion pounds following a review of its contracts and balance sheet.

* RIGHTMOVE: Rightmove RMV.L said it expected strong market activity to continue for the rest of the year after its half-year profit jumped above pre-pandemic levels.

* GLENCORE: Glencore GLEN.L raised its expectations for its trading division to the top end of guidance for the year.

* BHP: BHP Group Ltd BHP.AX said it would build two solar farms and a battery storage system in partnership with Canada's TransAlta Renewables Inc RNW.TO at its nickel project site in Western Australia.

* M&G: British money manager M&G MNG.L has added to the voices criticising a proposed private equity takeover of British supermarket chain Morrisons MRW.L , saying it does not reflect the true value of the company.

* SHELL: U.S. LNG developer Tellurian Inc TELL.O said on Thursday it finalised agreements to sell LNG from its proposed Driftwood export plant in Louisiana to a unit of oil major Royal Dutch Shell RDSa.L .

* GOLD: Gold was set for its best week in more than two months

* OIL: Oil prices fell but were on track to post solid gains for the week with demand growing faster than supply.

* London's FTSE 100 ended higher on Thursday, as encouraging earnings and huge dividend payouts from some of the UK's biggest corporates helped support optimism around faster economic growth.

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


> Financial Times

> Other business headlines

Reporting by Shanima A 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.