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UPDATE 1-UK Stocks-Factors to watch on July 27
Published at 27/07/2021 at 07:35

(Adds futures, news items)

July 27 (Reuters) - Britain's FTSE 100 index is seen opening 3 points lower on Tuesday, according to financial bookmakers, while futures were down 0.15%.

* RECKITT BENCKISER: Reckitt Benckiser missed analysts' estimates for second-quarter sales, as demand eased for its soaps and cold remedies and the company backed its full-year outlook.

* MOONPIG: Moonpig said its annual revenue and adjusted earnings more than doubled in its maiden set of results as a listed company.

* FIRSTGROUP: FirstGroup said Chief Executive Matthew Gregory planned to step down in September, the day after its biggest shareholder demanded he resign.

* REACH: Reach Plc said it was trading ahead of expectations and it sees that strong momentum continuing.

* VIRGIN MONEY UK: Virgin Money UK's total lending edged higher by 0.4% and the bank lifted its margin forecast.

* RIO TINTO: Rio Tinto said on Monday it planned to cut production at its BC Works aluminium smelter in Kitimat, Canada to 35% following a strike initiated by the Canadian union Unifor after negotiation talks failed.

* GLENCORE: A former UK-based trader for Glencore Plc

pleaded guilty on Monday over what U.S. prosecutors called his role in a scheme to bribe officials in Nigeria in exchange for favourable contracts from that country's state-owned oil company.

* ULTRA ELECTRONICS: The UK government is closely monitoring Cobham's takeover bid of British defence group Ultra Electronics

, a government spokesperson told Reuters.

* GOLD: Gold traded in a tight range as investors focused on this week's Federal Reserve meeting for clues about when the central bank might rein in its easy monetary policies.

* OIL: Oil prices were steady with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.

* London's FTSE 100 index ended flat on Monday as weakness in healthcare stocks and a stronger pound offset gains in commodity-linked shares.

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Shanima A in Bengaluru)

((shanima.a@thomsonreuters.com ; (Within UK +44 20 7542 1810; Outside UK +91 80 6182 2587; Direct: +91 77 6034 7399))