UPDATE 1-UK Stocks-Factors to watch on July 8

viernes 8 de julio de 2016 02:39 GYT
 

(Adds futures, company news item on IG)

July 8 (Reuters) - Britain's FTSE 100 index is seen opening down 15 to 23 points, or 0.4 percent, on Friday, according to financial bookmakers, with futures down 0.32 percent ahead of the cash market open

* The UK blue chip index closed up 1.1 percent on Thursday after closing more than 1 percent lower in the previous session, as Associated British Foods recording its biggest one-day gain in 16 years after its brighter outlook on earnings. Gains by crude oil helped energy stocks.

* IG GROUP: IG Group Holdings Plc, a British online trading company, said it had appointed Paul Mainwaring as chief financial officer designate, adding that Mainwaring would take on the full role of finance head after a regulatory nod.

* LSE: London Stock Exchange Group said on Thursday that U.S. and Russian authorities had approved its $27 billion merger with Deutsche Boerse , giving it the first set of regulatory clearances needed to create a European exchange giant.

* BRITISH LAND: Property company British Land said it had exchanged contracts to sell a Debenhams store located in London's West End shopping district to a private investor, a sign that deals were still being struck in a sector gripped with concerns around the impact of Brexit.

* UK PROPERTY FUNDS: Four fund managers cut the value of their UK property funds and a fifth extended a 24-hour trading suspension on Thursday, as the industry seeks to stem a tide of redemption requests since Britain's vote to leave the European Union.

* CHINA INTEREST RATE: An interest rate cut cannot be ruled out if China's second-quarter economic data misses expectations, researchers from a government-affiliated institute wrote in an official newspaper on Friday.   Continuación...