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UK Stocks-Factors to watch on July 29
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UK Stocks-Factors to watch on July 29
Jul 29, 2024 12:06 AM

July 29 (Reuters) - Britain's FTSE 100 index is

seen opening higher on Monday, with futures up 0.4%.

* PEARSON: British education company Pearson

reported a 4% rise in first-half adjusted operating profit to

250 million pounds ($321.75 million) on Monday, and said it was

on track to meet its expectations for the full year and 2025.

* TESCO ( TSCDF ): Tesco ( TSCDF ), Britain's biggest supermarket

group, said it would continue its share buyback programme with a

plan to repurchase shares with a market value of up to 400

million pounds ($515 million).

* CRANSWICK ( CRWKF ): British meat producer Cranswick ( CRWKF )

reported a higher first-quarter revenue, driven by strong demand

for its premium ranges and pet products.

* BETMGM: U.S. sports-betting service BetMGM said it expects

revenue to grow in the second half of the year and into 2025,

banking on demand from punters looking to cash in on the

National Football League (NFL) season.

* OIL: Oil prices rose, paring last week's loss, on fears of

a widening conflict in the Middle East following a rocket strike

in the Israeli-occupied Golan Heights, which Israel and the

United States blamed on Lebanese armed group Hezbollah..

* GOLD: Prices of safe-haven gold climbed on heightened

geopolitical tensions in the Middle East and amid expectations

of a U.S. rate cut in September, while focus shifted to the

Federal Reserve's policy meeting due later this week.

* METALS: Copper prices struggled in a tight range after

three straight weeks of declines, with investors looking more

cues on the global economic outlook from the Federal Reserve

meeting and U.S. data releases this week.

* 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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