
UK Stocks-Factors to watch on September 25

Britain’s FTSE 100 index is expected to open lower, with futures down 0.23%. Activist hedge fund Irenic Capital is pushing for a take-private deal for SSP Group. HSBC has sold its retail banking operations in Sri Lanka to Nations Trust Bank. UK vehicle production fell 18.2% in August, impacted by a cyber attack on Jaguar Land Rover. Oil prices eased, while gold remained steady. Phoenix Group and Rightmove will trade without entitlement to dividends. The FTSE gained 0.3% on Wednesday, led by miners and defense stocks.
Sept 25 (Reuters) - Britain’s FTSE 100 (.FTSE) index is seen opening lower on Thursday, with futures (FFIc1) down 0.23%.
- SSP GROUP: Activist hedge fund Irenic Capital Management is trying to drum up interest in a take-private deal for Upper Crust owner SSP Group (SSPG.L) after boosting its stake in the food-to-go operator, the Financial Times reported on Thursday.
- HSBC: HSBC (0005.HK) has agreed to sell its retail banking operations in Sri Lanka to local peer Nations Trust Bank, the lender said late on Wednesday. The London-headquartered lender (HSBA.L) said its corporate and institutional banking business in Sri Lanka is not impacted by this decision.
- SMMT DATA: Britain’s vehicle production dropped 18.2% in August to 38,693 units, industry data showed on Thursday, with attention now on how a cyber attack that has shut Jaguar Land Rover’s plants will hit September production.
- HSBC: Europe’s biggest bank HSBC HSBA.L said on Thursday that a trial use of quantum computers to aid bond trading had produced promising results, in a rare example of a major finance company finding early benefits from the emerging technology.
- COMMODITIES: Oil prices eased in Asian trade on Thursday, retreating from a seven-week high reached in the prior session, gold prices held steady with a slightly weaker dollar lending some support, and Shanghai copper touched a six-month high.
- EX-DIVS: Phoenix Group Holdings (PHNX.L) and Rightmove PLC (RMV.L) will trade without entitlement to its latest dividend pay-out.
- FTSE: The UK blue-chip index (.FTSE) reversed earlier losses to gain 0.3% on Wednesday, led by miners and defence stocks, while investors assessed corporate updates and measured comments by Federal Reserve Chair Jerome Powell.
- UK CORPORATE DIARY:
Petershill Partners (PHLL.L) HY results
Co-Operative Group (42TE.L) HY results
IG Group (IGG.L) Q1 trading update
DFS Furniture (DFSD.L) FY results
Mitchells & Butlers (MAB.L) FY trading update
- For more on the factors affecting European stocks, please click on: (LIVE/) TODAY’S UK PAPERS
- Financial Times (PRESS/FT)
- Other business headlines (PRESS/GB)

