August 18, 2016 / 5:46 AM / 2 years ago

UK Stocks-Factors to watch on Aug 18

Aug 18 (Reuters) - Britain's FTSE 100 index is seen opening up 42
points on Thursday, according to financial bookmakers.
    * The UK blue chip index closed 34.77 points lower on Wednesday at 6859.15,
as a slump in Admiral shares dragged Britain's top stock index down
further from 14-month highs, after the car insurer said that market volatility
caused by Brexit had hit its solvency ratio. 
    * SAGE GROUP: City of London police arrested a Sage Group employee
on Wednesday at Heathrow Airport on suspicion of conspiring to defraud the
British software maker, police said in a statement. 
    * X5: X5, Russia's second-biggest food retailer, more than doubled
its second-quarter net profit as sales grew, sending its shares to a four-year
    * SUGAR TAX: Britain on Thursday launched a strategy aimed at curbing
childhood obesity by taxing companies which sell sugar-laced soft drinks and
investing that money in programmes to encourage physical activity and balanced
diets for school children. 
    * TOBACCO FIRMS: Tobacco companies notched a partial victory in a lawsuit
challenging the U.S. Food and Drug Administration's authority to require
pre-clearance for tobacco products with changed labels or quantities.
    * SA FUEL STRIKE: South Africa's petroleum sector employers and striking
workers signed a new two-year wage deal on Wednesday, ending a three-week strike
that caused limited supply disruptions, an official representing employers said.
    * EX-DIVS: British American Tobacco, Imperial Brands, Legal
& General, Mondi, Pearson, Reckitt Benckiser Group
, Schroders will trade without entitlement to their latest
dividend pay-out on Thursday, trimming 7.8 points off the FTSE 100 according to
Reuters calculations 
    * OIL: Oil prices dipped in early trading on Thursday as the prospect of
record Saudi output weighed on markets and as traders cashed in on profits
following an almost uninterrupted price rally this month of nearly 20 percent.
    * METALS: London copper edged up on Thursday from near one-month lows as the
dollar dropped after minutes from the last U.S. Federal Reserve meeting showed
policymakers were in no rush to raise interest rates. 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    * UK CORPORATE DIARY:          
 Empresaria Group Plc                              FY Earnings
 EVRAZ Plc                                         H1 Earnings
 Capital & Regional Plc                            H1 Earnings
 UK Commercial Property Trust Ltd                  H1 Earnings
 Premier Oil Plc                                   H1 Earnings
 Kingfisher Plc                                    Q2 Earnings
 KAZ Minerals Plc                                  H1 Earnings
    > Financial Times                      
    > Other business headlines             
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 (Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Sunil Nair)
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