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UPDATE 1-UK Stocks-Factors to watch on Aug 12

Published 08/12/2019, 02:44 PM
Updated 08/12/2019, 02:50 PM
UPDATE 1-UK Stocks-Factors to watch on Aug 12
UK100
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NWG
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RIO
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RIO
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(Adds Company news items and futures)
Aug 12 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 34
points higher at 7,288, according to financial bookmakers, with futures FFIc1
up 0.60% ahead of the cash market open.

* SAUDI ARAMCO: The world's top oil producer reported first-half net income
of $46.9 billion on Monday, down from $53.02 billion a year earlier.
* THOMAS COOK: The travel company said on Monday it was in advanced talks
with noteholders for a 150 million pound cash injection, which will add to the
750 million pound rescue it was negotiating with top shareholder Fosun Tourism
1992.HK . * BURFORD CAPITAL: The London-listed fund said it has identified evidence
consistent with illegal market manipulation of its shares. * BRITAIN-MEDICINES: As the Oct. 31 deadline for Britain to leave the
European Union approaches, health professionals are warning that shortages of
some medicines could worsen in Europe in the event of a no-deal Brexit.
* RBS: Royal Bank of Scotland RBS.L will name Alison Rose as chief
executive officer in coming weeks, succeeding Ross McEwan, Sky News reported on
Saturday. * SSE: British energy supplier SSE SSE.L said on Saturday it was in talks
with OVO Group about the sale of its energy retail arm which serves 5.7 million
households in Britain.
* RIO TINTO: Rio Tinto RIO.L , RIO.AX on Friday said it had moved a step
closer to the development of a new copper project in Arizona, one of the few new
major known deposits of the metal, with the potential to meet around a quarter
of U.S. demand.
* WOODFORD: Under-fire Neil Woodford leads a list of underperforming money
managers two months after his flagship fund was frozen, triggering anger among
investors and lawmakers. * OIL: Oil prices dipped on Monday amid worries about an economic slowdown
and the Sino-U.S. trade war, which have led to a cut in the growth outlook for
oil demand. * GOLD: Gold prices held steady in holiday-thin trade on Monday, holding
near the key $1,500 pivot, as uncertainties around Sino-U.S. trade war and
concerns of slowing global economic growth offered support.
* London's FTSE 100 slipped on Friday as a mix of worries over the
U.S.-China trade dispute and political turmoil in Italy weighed on heavyweight
banks and miners, while the mid-cap index fell after a surprise downturn in
Britain's economy last quarter. 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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