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

Published 06/08/2020, 07:52
Updated 06/08/2020, 07:54
© Reuters.

© Reuters.

(Adds futures, news items)
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:
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