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UPDATE 1-UK Stocks-Factors to watch on July 2

Published 07/02/2019, 02:54 PM
Updated 07/02/2019, 03:00 PM
UPDATE 1-UK Stocks-Factors to watch on July 2
UK100
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BARC
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SHEL
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VOD
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WPP
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UK100
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FJET
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PLUSP
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INWT
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FCH
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TRNT
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(Adds company news items, futures)
July 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 24
points higher at 7,521 on Tuesday, according to financial bookmakers, with
futures FFIc1 up 0.28% ahead of the cash market open.
* TRAINLINE: British ticketing group Trainline Plc TRNT.L on Tuesday
reported 27% growth in UK consumer net ticket sales for the first quarter, as it
benefited from the rollout of eTickets.
* PLUS500: Online trading platform Plus500 PLUSP.L reported higher revenue
for the second quarter after its first-quarter revenue shrank to less than a
fifth due to lower market volatility and a European clampdown on highly
leveraged betting. * FASTJET: Cash-strapped, low-cost African airline Fastjet Plc FJET.L said
on Tuesday Nico Bezuidenhout would step down as chief executive officer in
September to re-join a business of which he was the original founding CEO.

* FUNDING CIRCLE: British peer-to-peer lending platform Funding Circle
Holdings Plc FCH.L on Tuesday said it was halving its projected revenue growth
for 2019 to 20%, as reduced demand for loans hit its earnings. * VODAFONE: A group of banks is set to lend Telecom Italia unit INWIT
INWT.MI up to 2.5 billion euros ($2.8 billion) to help it merge its towers
with those of Vodafone VOD.L , two sources said. * BARCLAYS: A French former trader with Barclays BARC.L who was convicted
in absentia in London last year of participating in a scheme to rig global
interest rates has challenged Britain in the European Court of Human Rights
(ECHR). * WPP: WPP WPP.L has entered exclusive talks with private equity firm Bain
Capital over the sale of a majority stake in its data analytics unit Kantar, the
world's biggest advertising company said on Monday. * SHELL: Royal Dutch Shell Plc RDSa.L shut the coker at its 225,300 barrel
per day (bpd) Norco, Louisiana, refinery on Monday for a planned overhaul,
sources familiar with plant operations said. * WOODFORD: British fund manager Neil Woodford will keep his flagship 3.7
billion pound ($4.7 billion) fund frozen for a second month running, leaving
hundreds of thousands of small savers without access to their money.
* GOLD: Gold prices edged higher on Tuesday after a steep fall in the
previous session, as investors fretted about an economic slowdown amid weak
global manufacturing data and U.S.-European trade ructions. * OIL: Oil prices drifted lower on Tuesday, as weak global data raised
concerns about future demand for the commodity despite a positive boost from
OPEC's decision to extend supply cuts until next March. * The UK blue chip index closed 1% higher on Monday, as a thaw in the
U.S.-China trade dispute lifted market sentiment and spurred a rally in global
stocks. * For more on the factors affecting European stocks, please click on:
LIVE/

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TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

($1 = 0.8858 euros)
($1 = 0.7915 pounds)


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