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UPDATE 1-UK Stocks-Factors to watch on July 27

Fri, 27th Jul 2018 07:52

July 27 (Reuters) - Britain's FTSE 100 index is seen opening 20points higher at 7,684 on Friday, according to financial bookmakers, withfutures up 0.28 percent ahead of the cash market open.

* BT: Britain's BT Group Plc reported a 1 percent rise infirst-quarter core earnings to 1.8 billion pounds ($2.4 billion) thanks to itsEE mobile unit and cost savings.

* PEARSON: British education publisher Pearson said it was on trackto return to underlying profit growth this year after online courses and demandin the United States helped it report better-than-expected first-halfresults.

* JUPITER: Asset manager Jupiter posted first-half net outflows of2.3 billion pounds ($3.01 billion) on Friday and said the operating environmentwas challenging.

* RECKITT BENCKISER: Reckitt Benckiser's quarterly like-for-likesales rose 4 percent helped by its Mead Johnson acquisition, as the consumergoods company shook off the effects of the previous year's cyberattack.

* ALLIED IRISH BANKS: Allied Irish Banks (AIB) reported steadyfirst-half profits, lower bad loans and higher lending and capital on Friday asit continues to recover a decade after the country's banking crash.

* BHP-BP: BP Plc has agreed to buy U.S. shale oil and gas assets fromglobal miner BHP Billiton, for $10.5 billion, expanding theBritish oil major's footprint in oil-rich onshore basins in its biggest deal innearly 20 years.

* MELROSE: British turnaround firm Melrose is considering a seriesof sales of GKN businesses after clinching an 8 billion pound ($10.5 billion)hostile takeover of the aerospace and automotive parts supplier earlier thisyear, sources familiar with the matter told Reuters.

* CENKOS SECURITIES: Activist investor Crystal Amber has toldLondon-based stockbroker Cenkos Securities' chairman to put thebusiness up for sale, Sky News reported on Thursday.

* GOLD: Gold prices edged up on Friday but stayed close to one-year lows,with investors waiting for data later in the day on U.S. economic growth.

* OIL: Oil prices slipped on Friday in quiet trading after three days ofgains, but took support from Saudi Arabia halting crude transport through a keyshipping lane, falling U.S. inventories and easing trade tensions betweenWashington and Europe.

* The UK blue chip FTSE 100 index ended up 0.06 percent at 7,663.17points on Thursday, as a drop in heavyweight oil stocks weighed on the index,which lagged a broader rally across European stocks as U.S.-EU trade tensionsthawed.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY'S UK PAPERS

> Financial Times

> Other business headlines(Reporting by Siju Varghese)

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