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UPDATE 1-UK STOCKS-Factors to watch on Sept 15
Published at 15/09/2021 at 07:46

(Updates futures, adds news items)

Sept 15 (Reuters) - Britain's FTSE 100 index is seen opening steady on Wednesday, with futures marginally down 0.15%.

* TULLOW: Tullow Oil swung to a profit for HY and raised lower end of its 2021 production target to reflect increased output from its Simba field in Central Africa.

* REDROW: British homebuilder Redrow Plc said the housing market has moderated in recent months and it expects sales rates to return to historically average levels over the course of the current financial year.

* PENDRAGON: Pendragon Plc said its first-half profit exceeded its initial expectations, as the car dealer's online business performed strongly during the pandemic-related lockdowns.

* FEVERTREE: UK-based tonic maker Fevertree Drinks reported higher half-year revenue, but warned that higher freight costs due to global supply chain disruptions were hurting profit margins.

* DARKTRACE: British cybersecurity company Darktrace

, increased its revenue growth forecast for its 2022 financial year for the second time, reflecting strong demand for its AI-driven products.

* GOLD: Gold held flat above the key psychological level of $1,800, after a tamer-than-expected rise in U.S. inflation led to uncertainty on when the U.S. central bank would begin tapering its asset purchases.

* OIL: Oil prices climbed after industry data showed a larger than expected drawdown in crude oil stocks in the United States, and on expectations that demand will recover as vaccine roll-outs widen.

* London's FTSE 100 ended lower on Tuesday, dragged down by heavyweight metals and banking stocks, while JD Sports Fashion jumped to the top of the index after reporting strong earnings.

* UK CORPORATE DIARY:

Redrow FY results

Pendragon HY results

FeverTree Drinks HY results

Restaurant Group HY results

Tullow Oil HY results

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting By Geetha Panchaksharam)

((geetha.panchaksharam@thomsonreuters.com))