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Funds News

UK Stocks-Factors to watch on Aug 20

    Aug 20 (Reuters) - Britain's FTSE 100 index is seen opening 88
points lower at 6,024 on Thursday, according to financial bookmakers.

    * IHG: French hotels group Accor has examined a merger with
British peer InterContinental Hotels Group Plc, Le Figaro newspaper
reported on its website.
    * CENTRICA: Members of the GMB union have voted for industrial action
against Centrica Plc's British Gas after the utility issued "fire and
rehire" threats to its workforce, the union said on Wednesday.
    * GOLD: Gold on Thursday bounced back from the previous session's hefty
losses after the U.S. Federal Reserve raised concerns that a recovery from the
coronavirus-induced economic slump faced a highly uncertain path, weighing on
risk sentiment.
    * OIL: Oil prices fell as major producers warned of a risk to demand
recovery if the coronavirus crisis is prolonged, while U.S. crude inventories
dropped less than expected.
    * METALS: London copper dipped, retreating from an over two-year high hit in
the previous session, as a stronger U.S. dollar made metals less attractive to
holders of other currencies.
    * EX-DIVS: Anglo American, Berkeley Group, Croda
International, Evraz, Hikma, Imperial Brands,
London Stock Exchange, Mondi, M&G Plc, Prudential
, Reckitt Benckiser, Schroders and Standard Life Aberdeen
 will trade without entitlement to their latest dividend pay-out on
Thursday, trimming 7.7 points off the FTSE 100 according to Reuters
calculations.
    * The UK blue-chip index ended 0.6% higher on Wednesday as the
exporter-heavy index benefited from a slightly weaker pound, while a drop in
Hochschild Mining's share put pressure on the mid-cap FTSE 250.
    
    * UK CORPORATE DIARY:    
 John Laing Group                 Half Year 2020 Earnings 
 Premier Oil                      Half Year 2020 Earnings 
 Antofagasta                      Half Year 2020 Earnings 
 Frasers Group                    Full Year Earnings
 Bank of Georgia Group            Half Year 2020 Earnings 
    * For more on the factors affecting European stocks, please click on:
    
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            

 (Reporting by Tanishaa Nadkar in Bengaluru)
  

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