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UK Stocks-Factors to watch on July 8

Published 2019-07-08, 02:54 a/m
© Reuters.  UK Stocks-Factors to watch on July 8
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July 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 7 points lower at 7,546 on Monday, according to financial bookmakers, with futures FFIc1 down 0.21% ahead of the cash market open.

* IMPERIAL BRANDS: British tobacco company Imperial Brands Plc IMB.L announced plans to buy back shares worth up to 200 million pounds ($251 million) and said it would revise its dividend policy from the next year.

IAG: British Airways owner IAG ICAG.L said the Information Commissioner's Office intends to impose a penalty of 183.4 million pounds ($229.78 million) for the theft of customer data from the airline website last year.

ACACIA MINING: Acacia Mining ACAA.L reported a 19% jump in gold production for the second quarter as output from its Tanzania mine improved, adding pressure on majority shareholder Barrick Gold ABX.TO to revise its buyout proposal.

XAAR: Xaar Plc XAR.L said it expects to report a lower revenue in the first-half compared with a year earlier, hurt by inventory being returned to the industrial inkjet technology provider.

BREXIT: British companies are more worried about Brexit than at any time since the 2016 referendum decision to leave the European Union and they plan to reduce investment and hiring, a survey of chief financial officers showed on Monday.

OIL: Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although last week's better-than-expected U.S. jobs data offered some support.

GOLD: Gold prices inched lower on Monday following a steep fall in the previous session, as robust U.S. jobs report dashed hopes of an aggressive interest rate cut by the Federal Reserve later this month.

The UK blue chip index closed 0.7% lower on Friday, as stronger-than-expected U.S. employment data tempered hopes of an aggressive interest rate cut by the Federal Reserve and as heavyweight miners fell due to weakness in China's iron ore futures.

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