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UPDATE 1-UK Stocks-Factors to watch on Aug. 5
Published at 05/08/2020 at 07:47

(Adds futures, news items)

Aug 5 (Reuters) - Britain's FTSE 100 index is seen opening 2 points higher at 6,038 on Wednesday, according to financial bookmakers, with futures

up 0.5% ahead of cash markets open.

* METRO BANK: Britain's Metro Bank swung to a 240 million pounds ($313.92 million) loss for the first half of the year, as provisions to cover loan losses due to the coronavirus crisis wiped out its profits.

* LEGAL & GENERAL: British life insurer Legal & General posted a 2% drop in first-half operating profit.

* COCA COLA HBC: Soft drinks bottler Coca Cola HBC AG said its performance recovered steadily from April lows as its markets gradually reopened from coronavirus-led lockdowns.

* BATS: British American Tobacco named Guy Meldrum, the regional director of its Asia-Pacific and Middle East business, as the new head of its U.S. business, Reynolds American.

* WILLIAM HILL: British gambling company William Hill reported a better-than-expected first-half profit while announcing 119 of UK betting shops closed by coronavirus lockdowns would not reopen as it combines its online and retail businesses.

* HASTINGS: Finnish insurer Sampo and South Africa's Rand Merchant Investment (RMI) have made a recommended cash offer worth 1.84 billion euros ($2.17 billion) to buy British auto insurer Hastings , Sampo said.

* BANKS: Britain's banks took a gloomier view than almost all their European peers in their second quarter earnings.

* OIL: Oil prices fell for the first time in four days, pulling back from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence in a pickup in fuel demand.

* The UK blue-chip index ended flat on Tuesday as mixed earnings and rising friction between the United States and China weighed.

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Tapanjana Rudra)

((Tapanjana.Rudra@thomsonreuters.com;))