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UPDATE 1-UK Stocks-Factors to watch on Aug. 4
Published at 04/08/2021 at 07:38

(Adds news items)

Aug 4 (Reuters) - Britain's FTSE 100 index is seen opening higher on Wednesday, with futures up 0.31%.

* THE HUT GROUP: The Hut Group said it would buy UK-based online beauty retailer Cult Beauty for 275 million pounds.

* ROLLS ROYCE: Rolls-Royce said it agreed to sell its Norwegian maritime engine business Bergen to UK-based Langley Holdings, in a deal which will boost the British aero-engine maker's finances by 110 million euros.

* TAYLOR WIMPEY: Taylor Wimpey Plc joined bigger rivals in forecasting sustained demand in the medium term and returned to a half-year profit.

* LEGAL & GENERAL: Legal & General posted an above-forecast 14% rise in first-half operating profit due to strong performance across its insurance and asset management units.

* COVID-19 STUDY: Fully-vaccinated people have an around 50% to 60% reduced risk of infection from the Delta variant, including those who are asymptomatic, a large English coronavirus prevalence study found.

* The UK government is considering blocking chip designer Nvidia Corp's $40 billion acquisition of British peer Arm Ltd on potential national security risks, Bloomberg News reported on Tuesday, citing people familiar with the matter.

* GOLD: Gold prices were flat in early Asian trade, with investors awaiting signals from U.S. jobs data on the labour market recovery that could influence the Federal Reserve's tapering plans.

* OIL: Oil prices fell for a third day on Wednesday on mounting concerns that the increasing spread of the Delta variant of the coronavirus in top consuming countries will cut fuel demand.

* London's FTSE 100 ended higher on Tuesday as a set of upbeat earnings results supported optimism about a faster economic recovery, although gains were checked by concerns over rising Delta virus variant cases globally.

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


> Financial Times

> Other business headlines

(Reporting by Shanima A in Bengaluru)

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