August 30, 2017 / 6:37 AM / a year ago

UPDATE 1-UK Stocks-Factors to watch on Aug 30

(Adds company news items and futures)

Aug 30 (Reuters) - Britain's FTSE 100 index is seen opening up 26 points on Wednesday, according to financial bookmakers, with futures up 0.5 percent ahead of the cash market open.

* PETROFAC: British oilfield services company Petrofac Ltd on Wednesday reported a 10.7 percent fall in core earnings for the first-half as subdued oil prices forced exploration and drilling companies to defer or cancel service contracts.

* DUNELM GROUP: British homewares retailer Dunelm Group Plc said its Chief Executive John Browett would be stepping down for personal reasons, with immediate effect.

* SPECTRIS: Spectris Plc sold its U.S.-based barcode reader maker to Omron Corp 6645.T for $157 million in cash, the measuring instruments maker said on Wednesday.

* SKY: Rupert Murdoch has pulled his Fox News channel from the Sky platform in Britain, where the government is assessing a bid by the media mogul to buy the broader Sky pay-TV company for $15 billion.

* SHIRE: Shire is weathering a period of a major change well, the company said on Tuesday, as analysts at UBS cut their price target on the stock in response to signs of falling staff satisfaction at the drugmaker.

* BRITAIN PHARMA: The British government has rekindled its industrial strategy, unveiled earlier this year to prepare the economy for Brexit, with plans to boost the country's pharmaceuticals sector via fresh investments and public-private collaborations.

* OIL: Oil prices slid on Wednesday but gasoline spiked to their highest since July 2015 as flooding and storm damage in the wake of Hurricane Harvey has shut one-fifth of U.S. oil refineries, crimping demand for crude but raising fears of a fuel shortage.

* The UK blue chip index FTSE 100 closed down 0.9 percent at 7,337.43 points on Tuesday, as investors dumped risky assets after North Korea fired a missile over Japan.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times

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