News: UPDATE 1-UK Stocks-Factors to watch on Aug. 6

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    Aug 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 49 points lower at 6,056 on Thursday, according to financial bookmakers, with futures FFIc1 down 0.5% ahead of cash markets open.

    • GLENCORE: Glencore GLEN.L said it was scrapping its dividend to focus on lowering debt as the COVID-19 pandemic forced it to book a $3.2 billion impairment charge.
    • ITV: ITV ITV.L , Britain's biggest free-to-air commercial broadcaster, reported a 50% drop in adjusted earnings for the first half .
    • SAVILLS: Real estate agency Savills Plc SVS.L reported a 69% drop in first-half pretax profit.
    • SERCO: British outsourcer Serco SRP.L reported a 53% jump in first-half profit.
    • AVIVA: British life, motor and home insurer Aviva AV.L said it would reduce its focus on its Asia and Europe businesses as it posted a 12% drop in first-half operating profit.
    • IMPERIAL BRANDS: Cigarette maker Imperial Brands IMB.L said Chief Finanical Officer Oliver Tant has decided to retire.
    • PHOENIX GROUP: Insurer Phoenix Group PHNX.L posted an 11% rise in half-year earnings and raised its 2020 cash generation target.
    • HAMMERSON: British shopping centre operator Hammerson HMSO.L said it planned to raise 825 million pounds ($1.08 billion) through a rights issue and disposal of its 50% stake in joint venture VIA Outlets to its partner APG.
    • MEGGITT: British engineer Meggitt MGGT.L said its financial position and liquidity remain strong in a statement issued in response to press speculation.
    • BOE: Britain's banks hold enough capital to keep on lending and absorb the losses that are likely to arise due to the COVID-19 pandemic, the Bank of England said.
    • The UK blue-chip index .FTSE gained 1.1% on Wednesday with a five-month high for crude prices lifting oil majors BP BP.L and Royal Dutch Shell RDSa.L .
    • For more on the factors affecting European stocks, please click on:

      TODAY'S UK PAPERS > Financial Times > Other business headlines

 
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