UPDATE 1-UK Stocks-Factors to watch on Aug. 3

By Reuters / August 04, 2018 / in.investing.com / Article Link

(Adds company news items and futures)

Aug 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 42 points on Friday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open.

* IAG: British Airways-owner IAG ICAG.L posted a 6 percent rise in quarterly profit and said it was on track for growth in 2018, although it took a hit from the disruption caused by French Air Traffic control strikes. PETS AT HOME: Britain's biggest pet care company, Pets at Home Group Plc PETSP.L , said on Friday its quarterly like-for-like revenue rose 6.1 percent on strong demand for its pet products and grooming services. WILLIAM HILL: British betting company William Hill Plc WMH.L on Friday posted a 3 percent rise in half-year revenue, benefiting from its online sportsbook and FIFA World Cup betting. MILLENNIUM & COPTHORNE HOTELS: Millennium & Copthorne Hotels (M&C) MLC.L new CEO on Friday said she was reviewing the company's "earnings profile" and plans to develop a strategic plan after the hotelier was hit by lower room revenue. PHOENIX GROUP: Phoenix Group PHNX.L , Europe's largest manager of books of mature business, on Friday named Nicholas Lyons as chairman, effective Sept. 1. BHP: Anglo-Australian miner BHP BHP.AX BLT.L said on Thursday it had begun to review contingency plans ahead of a possible strike by union workers at its Escondida copper mine in Chile, the world's largest. GOLD: Gold prices held steady near a one-year low on Friday amid a resilient U.S. dollar and were headed for a fourth straight weekly fall. OIL: Oil prices were steady on Friday, supported by traders placing new hedges in the futures market in anticipation of a decline in U.S. crude inventories, but held back from advancing by the prospect of rising global supplies. The UK blue chip index closed down 1 percent at 7,575.93 points on Thursday and touched a one-week low as shares in heavyweight cyclicals dropped and Bank of England raised interest rates as expected. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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