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UPDATE 1-UK Stocks-Factors to watch on Sept 2

reuters.com · 09/02/2021 02:48
UPDATE 1-UK Stocks-Factors to watch on Sept 2

Updates factors, adds news items

- Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.1%.

* BARRATT: Homebuilder Barratt Developments BTDPF forecast robust forward sales, allaying concerns about a cooling housing market following the partial removal of a temporary cut in property purchase tax.nL4N2Q41CJ

* JD SPORTS: Britain's competition watchdog found on Thursday that sportswear retailer JD Sports Fashion's JDSPY takeover of smaller rival Footasylum could lead to a worse deal for shoppers after reassessing the merger following an appeal by JD Sports. nL4N2Q41DI

* ENQUEST: Oil producer EnQuest ENQUF said it expected its annual production to be at the lower end of its earlier forecast range.nL4N2Q41DM

* CMC: Online trading platform CMC Markets CCMMF slashed its annual earnings outlook by 50 million pounds as reduced market volatility resulted in lower trading across new and existing clients. nL4N2Q41DR

* MELROSE: Melrose Industries MLSPF swung to a first-half profit after recovery in its aerospace division following the resumption of some air travel and stringent cost cuts that helped it make up for a hit from chip shortages.nL4N2Q41DV

* FOOTFALL: The number of shoppers hitting Britain's high streets, shopping centres and retail parks continued to improve in August, with the gap on the same month in 2019 reducing to -18.6% from -24.2% in July, footfall data compiled by Springboard showed. nL8N2Q335B

* GOLD: Gold prices were flat as investors were largely on the sidelines awaiting the U.S. non-farm payrolls print that is crucial for Federal Reserve's tapering timeline. nL1N2Q404F

* OIL: Oil prices fell after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many U.S. refiners, remained offline. nL1N2Q409D

* London's FTSE 100 ended higher on Wednesday, helped by gains in travel stocks and retailers, while data showed UK factory activity grew in August at the weakest rate for six months. nL4N2Q31QY

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

> Financial Times PRESS/FT
> Other business headlines PRESS/GB

(Reporting by Shanima A in Bengaluru)

((shanima.a@thomsonreuters.com; (Within UK +44 20 7542 1810; Outside UK+91 80 6182 2587; Direct: +91 77 6034 7399 );))