UK Stocks — Factors to watch on Aug 19

LONDON, Aug 19 (BestGrowthStock) – Britain’s top share index is seen inching higher
at the open on Thursday, with moves across global markets limited in thin
trading, but investors awaited domestic and U.S. data for clues on the economic
outlook.

The FTSE 100 (.FTSE: ) is seen adding 10 points, or around 0.2 percent, after
it ended down 0.9 percent on Thursday to close at 5,302.87.

Investors will watch UK retail sales data for July released at 0830 GMT to
try and assess the level of consumer demand as the austerity measures from the
coalition government begin to bite.

Sales are expected to be up 0.4 percent on the month, but down from a 0.7
percent rise the previous month.

Money supply data and public borrowing requirement data, also released at
0830 GMT, will also be watched.

Investors will look to get more clues on the shape of the economy at 1000
GMT with the release of the Confederation of British Industry industrial trends
survey which gauges moves in factory orders.

Across the Atlantic, weekly jobs data will be released at 1230 GMT while the
Philadelphia Federal Reserve Bank will release its business activity index at
1400 GMT.

In a sign that tough times lie ahead, Poundland, Europe’s largest single
price discount retailer, posted soaring year profit but warned consumers face a
painful squeeze on their finances this winter as public sector cuts and tax
rises start to bite. [ID:nLDE67H0WE]

* Consumer stocks lift Wall St after Target outlook [ID:nN18217601]

* GLOBAL-Japan shares up, yen steady on easing talk [ID:nSGE67I03Z]

* FOREX-Dlr/yen pares gains as Thurs BOJ mtg looks unlikely [ID:nTOE67I02I]

* Oil steady above $75, dollar, equities support [ID:nSGE67I01Y]

* Copper reverses gains; prompt aluminium at premium [ID:nSGE67I02P]

* Gold gains as ETF ticks up, holds near 1-1/2-mth high [ID:nSGE67I03V]

* TREASURIES-Inch up in Asia, jobs and factory reports eyed [ID:nTOE67I01Z]

UK stocks to watch on Thursday are:

BHP Billiton (BLT.L: )

The miner is focusing on getting regulatory approval for its $39 billion
hostile bid for Potash Corp (POT.TO: ) before trying in earnest to win over the
Canadian company’s shareholders, a source said on Thursday. [ID:nN22340110]

CAIRN ENERGY (CNE.L: ), VEDANTA (VED.L: )

Indian state-run explorer Oil and Natural Gas Corp (ONGC.BO: ) may seek to
operate oil fields in the western state of Rajasthan currently operated by
Vedanta Resources (VED.L: ) target Cairn India (CAIL.BO: ), the Financial Express
reported, without saying where it got the information. [ID:nSGE67I05P]

BARCLAYS (BARC.L: )

A U.S. judge approved on Wednesday giant British bank Barclays Plc’s
(BARC.L: ) $298 million settlement of charges that it had violated U.S. trade
sanctions, a day after he criticized the agreement as a “sweetheart deal.”

BP (BP.L: )

The oil major has more testing ahead before it can finally kill its ruptured
Gulf of Mexico oil well, the top official overseeing the spill response said on
Wednesday. [ID:nN18197345]

ITV (ITV.L: )

The Daily Mail’s market report notes revived takeover speculation
surrounding the broadcaster, with talk of a U.S. cash bid worth around 3.7
billion pounds, or 95 pence a share.

ESSAR ENERGY (ESSR.L: )

The energy company releases its first half results.

CHRYSALIS GROUP (CHS.L: )

The media company releases its Q3 trading update.

CINEWORLD GROUP (CINE.L: )

The cinema operator releases its first half results.

CLS HOLDINGS (CLSH.L: )

The property company releases its first half results.

HARDY OIL AND GAS (HAOG.L: )

The company releases its first half results.

JOHN MENZIES (MNZS.L: )

The newspaper distributor releases its first half results.

QUARTO GROUP (QRT.L: )

The publisher releases its first half results.

TT ELECTRONICS (TTG.L: )

The electronics component supplier releases its first half results.

WELLSTREAM HLDGS (WSML.L: )

The oil services group releases its first half results.

TODAY’S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]
(Reporting by Simon Falush; Editing by Tricia Wright)

UK Stocks — Factors to watch on Aug 19