July 11, 2019 / 6:59 AM / 4 months ago

UPDATE 1-UK Stocks-Factors to watch on July 11

(Adds company news items, futures)

July 11 (Reuters) - Britain’s FTSE 100 index is seen opening 26 points higher at 7,557 on Thursday, according to financial bookmakers, with futures FFIc1 up 0.21% ahead of the cash market open.

* INDIVIOR: Drugmaker Indivior Plc on Thursday raised its profit and revenue guidance for the full year as its blockbuster opioid drug Suboxone lost market share at a lower pace than expected, bolstering its first-half performance.

* LAND SECURITIES: Land Securities Group said on Thursday its chief executive officer, Robert Noel, has informed the property developer of his intention to retire.

* DART GROUP: Dart Group, the owner of British airline and tour operator Jet2, reported higher annual pretax profit on Thursday as Britons booked more holidays and said it expected to meet market expectations for the new financial year.

* RECKITT BENCKISER: Britain’s Reckitt Benckiser said it would pay up to $1.4 billion to resolve all U.S. federal investigations into the firm in connection with the sales and marketing of Suboxone Film by its former prescription pharmaceuticals business Indivior.

* GATWICK AIRPORT: London’s Gatwick airport said on Wednesday it had suspended all flights due to an air traffic control system problem.

* GSK: Britain’s government named the former chief financial officer of drugs company GlaxoSmithKline, Simon Dingemans, to head the Financial Reporting Council (FRC), a body in charge of regulating auditors.

* EX-DIVS: Halma will trade without entitlement to their latest dividend pay-out on Thursday, trimming 0.145 points off the FTSE 100 according to Reuters calculations.

* The UK blue chip index closed 0.1% lower on Wednesday, with exporter stocks taking a hit from a weaker dollar as U.S. Federal Reserve Chairman Jerome Powell’s comments boosted hopes for an interest rate cut.

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


> Financial Times

> Other business headlines (Reporting by Samantha Machado And Adil Bhat in Bengaluru)

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