UK Stocks-Factors to watch on Thursday, July 25
LONDON, July 25
LONDON, July 25 (Reuters) - Britain's FTSE 100 index is seen opening flat on Thursday, according to financial bookmakers. For more on the factors affecting European stocks, please click on
* The FTSE 100 closed up 22.99 points or 0.4 percent to 6,620.43 points on Wednesday as a wave of upbeat corporate earnings pushed Britain's benchmark equity index back towards seven-week highs on Wednesday, with signs of resilience among British consumers as the economy recovers.
0800 - Germany IFO Survey for July
- Business climate index: Forecast 106.1 Prior 105.9
- Current conditions index: Forecast 109.7 Prior 109.4
- Ifo expectations: Forecast 102.5 Prior 102.5
0800 - Euro Zone Money Supply Growth for June
- Annual money supply growth: Forecast 3 pct Prior 2.9 pct
- Private loans: Forecast -1.1 pct Prior -1.1 pct
0800 - Italy Consumer Confidence for July
- Consumer confidence: Forecast 96 Prior 95.7
0830 - UK GDP for Second Quarter
- GDP qq: Forecast 0.6 pct Prior 0.3 pct
- GDP yy: Forecast 1.4 pct Prior 0.3 pct
1230 - U.S. Durable Goods for June
- Durable goods orders: Forecast 1.3 pct Prior 3.7 pct
1230 - U.S. Weekly Jobless Claims
- Jobless claims: Forecast 340,000 Prior 334,000
* UK ECONOMY: Britain's economy probably expanded faster in the second quarter than in the first, helped by growing confidence among consumers and by signs that companies are ready to borrow and spend more.
Official statistics due out at 0830 GMT on Thursday are expected to show that growth came to 0.6 percent in the April-to-June period compared with the previous quarter, according to a Reuters poll of economists.
* BANKS: Credit Suisse said on Thursday that net profit for the second quarter rose nearly 33 percent on the year, on a rise in both stock and bond trading from its investment bank.
* BARCLAYS : The UK lender fell on Wednesday on talk that it would have to raise funds at first half results on Tuesday, to meet the Prudential Regulation Authority's leverage ratio, the Daily Telegraph reported.
Barclays is close to reaching a deal with regulators to comply with a new leverage requirement by Dec. 2014 and a confirmation is expected along with its annual results next Tuesday, the Financial Times wrote, citing people familiar with the negotiations.
* MINERS: The threat of oversupply, cooling demand growth and stalled asset sales will cast a cloud over earnings for the world's largest miners, with all except BHP Billiton set to report big profit drops for the six months to June.
* GLAXOSMITHKLINE : The British drugmaker has agreed to pay $229 million to settle lawsuits brought by eight U.S. states related to improper marketing of its Avandia diabetes drug.
* GKN : The automotive and aerospace group is rumoured to be lining up a $5 billion cash and shares bid, worth around $35 a share, for Spirit Aerosystems, the Witchita, Kansas-based aerostructures manufatcturer, which was spun out of Boeing, according to the Daily Mail marker report.
* UK CORPORATE DIARY:
BT GROUP - first-quarter
BRITVIC - third-quarter
CSR - second-quarter
CABLE & WIRELESS COMMUNICATIONS - first-quarter
DAILY MAIL AND GENERAL TRUST - third-quarter
EUROMONEY INSTITUTIONAL INVESTOR
FULLER SMITH & TURNER
GREAT PORTLAND ESTATES
INVENSYS - first-quarter
KAZAKHMYS - second-quarter
LONMIN - third-quarter
LANCASHIRE HOLDINGS - second-quarter
MITCHELLS & BUTLERS - third-quarter
POLYUS GOLD INTERNATIONAL
UNILEVER - second-quarter
BODYCOTE - first-half
COLT GROUP - first-half
CAPITA - first-half
HIBU - final results
HOWDEN JOINERY GROUP - first-half
NICHOLS - first-half
REED ELSEVIER - first-half
ROLLS-ROYCE HOLDINGS - first-half
TRAVIS PERKINS - first-half
DE LA RUE LC
F&C CAPITAL AND INCOME INVESTMENT TRUS/HOLDERS
F&C GLOBAL SMALLER COMPANIES
FULLER SMITH & TURNER
PERSONAL ASSETS TRUST
TODAY'S UK PAPERS
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