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UPDATE 1-UK Stocks-Factors to watch on July 28

Published 07/28/2020, 02:52 PM
Updated 07/28/2020, 03:00 PM
© Reuters.
UK100
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AZN
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RKT
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SJP
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MTO
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GRG
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FTNMX551030
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BAG
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VMUK
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(Adds futures and company news items)
July 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16
points higher at 6,121 on Tuesday, according to financial bookmakers, with
futures up 0.27% ahead of cash market open.
* ASTRAZENECA: AstraZeneca Plc AZN.L said its diabetes treatment Farxiga
met the main goal in a late-stage trial testing the drug's effectiveness in
treating patients with chronic kidney disease (CKD). * A.G. BARR: A.G. Barr Plc BAG.L , best known for Scottish fizzy drink
Irn-Bru, said it expected revenue to fall by up to 15% this year, while
reporting a recovery in its hospitality and 'on the go' segments as coronavirus
curbs eased in recent weeks. * VIRGIN MONEY: Britain's Virgin Money VMUK.L reported a dip in customer
lending in the quarter to end-June on Tuesday as demand for mortgages and
personal loans fell, but it was yet to see any spike in credit losses linked to
the COVID-19 pandemic. * MITIE: British outsourcer Mitie Group MTO.L reported an 11% fall in
revenue in the first quarter, hit by the loss of a major contract and
coronavirus-induced weakness in the engineering sector. * GREGGS: Greggs GRG.L , the British food-to-go retailer known for its
sausage rolls, bakes and sandwiches, said sales at it company-managed stores
stood at 72% of the 2019 level in the most recent week as trading recovers from
the COVID-19 lockdown. * RECKITT BENCKISER: Consumer products maker Reckitt Benckiser Plc RB.L
reported better-than-expected quarterly results, as cautious customers stocked
up on Lysol and Dettol disinfectants and Mucinex cough syrup during the COVID-19
pandemic. * ST. JAMES'S PLACE: British wealth manager St. James's Place SJP.L said a
recovery in market sentiment after the coronavirus-led market sell-off boosted
inflows in the first half of the year, while operating profit fell 10%.
* The UK blue-chip index .FTSE closed down 0.3% on Monday, as miners
.FTNMX1770 rallied after gold prices scaled all-time highs, while copper
prices also rose. 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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