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UK Stocks-Factors to watch on April 23
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UK Stocks-Factors to watch on April 23
Apr 23, 2024 12:07 AM

April 23 (Reuters) - Britain's FTSE 100 index is

seen opening higher on Tuesday, with futures up 0.46%.

* JD SPORTS: JD Sports Fashion has proposed to buy

American athletic-fashion retailer Hibbett Inc ( HIBB ) for

about $1.08 billion, the companies said, as the British

sportswear retailer expands across the southeastern U.S.

* AB FOODS: Primark owner Associated British Foods ( ASBFF )

forecast "significant growth" in full-year profit as it reported

a 39% jump in the first half, partly driven by margin recovery

at its clothing chain.

* TAYLOR WIMPEY: Taylor Wimpey posted a rise in sales

rate during the key spring selling season and reiterated its

annual outlook.

* ANGLO AMERICAN: Global miner Anglo American

reported an 11% increase in its copper output for the first

quarter and left its 2024 guidance unchanged.

* THG: British e-commerce firm THG expects revenue

to grow in the first half of the year after it posted a marginal

increase in first-quarter revenue, helped by strong demand for

its beauty business.

* JUPITER FUND MANAGEMENT ( JFHHF ): Britain's Jupiter Fund Management ( JFHHF )

reported a slight rise in its assets under management

for the first quarter, despite net outflows of 1.6 billion

pounds, as investor sentiment improved.

* BUDGET DEFICIT: Britain's government borrowed more than

expected in March, capping the 2023/24 financial year with a

budget deficit that was 6.6 billion pounds ($8.1 billion) higher

than official forecasters expected, data showed.

* RIO TINTO: Rio Tinto, Eramet and LG

Energy are among 30 companies that have submitted

proposals to develop lithium extraction technology for a Chilean

salt flat in the early stages of exploration, state-run mining

body ENAMI said.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)

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