UPDATE 1-UK Stocks-Factors to watch on Sept 3

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Sept 3 (Reuters) – Britain’s FTSE 100 index is seen opening 18 points higher at 5,959 on Thursday, according to financial bookmakers, with futures seen up 0.4% ahead of cash market open.

* CMC: Online trading platform CMC Markets said it expects 2021 earnings to surpass the higher end of market consensus, while pointing to a rise in costs as it brought on more clients for its services.

* HUT GROUP: E-commerce firm The Hut Group confirmed its intention to float on the London Stock Exchange, in potentially the biggest listing of a British company since 2013 and the first major London listing since the COVID-19 crisis.

* MELROSE: Turnaround specialist Melrose Industries Plc said adjusted operating profit plunged 90% to 56 million pounds ($74.48 million) in the first half, hurt by a coronavirus-driven downturn in the aerospace and automotive sectors.

* SSE: British renewable power generator and network operator SSE Plc has been fined 2.1 million pounds ($2.8 million) for failing to publish information on future generation capacity, Britain’s energy regulator said.

* GSK/SANOFI: French drugmaker Sanofi and its British peer GSK have started a clinical trial for a protein-based COVID-19 vaccine candidate, as pharmaceutical companies race to develop treatments against the COVID-19 pandemic.

* METALS: London copper prices rose as data from China showed a steady economic recovery in the world’s biggest copper consumer after the hit from the COVID-19 pandemic.

* GOLD: Gold recouped some of the previous session’s hefty losses as the dollar steadied, although gains were capped by an uptick in risk appetite on recent better-than-expected economic data.

* OIL: Oil prices edged up, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.

* The UK blue-chip index rose for the first time in four sessions on Wednesday as a surge in house prices to record highs powered stocks of homebuilders, with Barratt jumping to the top of the FTSE 100.

* For more on the factors affecting European stocks, please click on:


> Financial Times

> Other business headlines (Reporting by Aakash Jagadeesh Babu in Bengaluru; editing by Uttaresh.V)

Our Standards:The Thomson Reuters Trust Principles.

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