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UPDATE 1-UK Stocks-Factors to watch on July 22

Published 07/22/2019, 02:56 PM
Updated 07/22/2019, 03:00 PM
UPDATE 1-UK Stocks-Factors to watch on July 22
UK100
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STAN
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STEMS
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UK100
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ICAG
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PDL
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STAF
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MTRO
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(Adds company news items, futures)
July 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2
points lower at 7,507 on Monday, according to financial bookmakers, with futures
FFIc1 up 0.07% ahead of the cash market open.
* METRO BANK: Metro Bank MTRO.L confirmed on Monday it was in talks over
the sale of a loan portfolio, the latest step in efforts to shore up its capital
base after an accounting error earlier in the year sparked a slide in its
shares. * PETRA DIAMONDS: Petra Diamonds Ltd PDL.L said on Monday it expects
production for the full year 2020 to be below current year's output of 3.9
million carats, and forecast lower capital spending for next year. * SThree: Recruiter SThree Plc STHR.L posted an 18% rise in half year
pretax profit, bolstered by strong international hiring as it battles a
significant slowdown in its British home market. * STAFFLINE: Activist investor Cat Rock Capital has cut its stake in
Staffline Group Plc STAF.L by more than half, an official filing showed on
Monday, less than a month after the British recruiter swung to a 2018 loss as it
booked a charge for potential fines for underpaying workers. * STANDARD CHARTERED: The head of the British parliament's Work and Pensions
Committee has written to the chair of Standard Chartered Plc's STAN.L
remuneration committee questioning the bank's executive pension pay levels after
more than a third of shareholders voted against its directors' remuneration
policy. * BRITISH AIRWAYS: British Airways ICAG.L suspended flights to Cairo for
seven days starting Saturday as a precaution to allow for an assessment of
security there, the airline said in a statement. * GOLD: Gold prices gained on Monday following a steep fall in the previous
session as tensions in the Middle East and weaker financial markets supported
the metal, while a stronger dollar kept a lid on gains. * OIL: Oil prices rose on Monday on concerns that Iran's seizure of a
British tanker last week may lead to supply disruptions in the Middle East and
after Libya reported the shut down of its largest oil field. * The UK blue chip index closed 0.2% higher on Friday as bolstered hopes of
a U.S. interest rate cut stoked risk appetite, though the index's advances were
reined in after political turmoil in Italy triggered a broad sell-off in bank
stocks. * For more on the factors affecting European stocks, please click on:
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TODAY'S UK PAPERS
> Financial Times PRESS/FT
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