UK Stocks-Factors to watch on August 11
SPY•Company updates
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BP: BP BP.L has agreed to sell a 20% stake in a block that contains the Trinidad portion of the cross-border Cocuina-Manakin natural gas field to the country's state-owned National Gas Company, the company said.
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Shell: One of two compressor stations at the Ormen Lange gas field in the Norwegian Sea is out of service, cutting production to around 60% of capacity until early next year, operator Shell SHEL.L said.
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FTSE: London's stock indexes eased on Monday, taking a breather after last week's gains, with shares of Imperial Brands IMB.L dropping on a report of planned job cuts and as investors awaited economic data later in the week.
Corporate diary
| Company | Ticker | Event |
|---|---|---|
| IHG | IHG.L | HY results |
| Bellway | BWY.L | Trading update |
| IWG | IWG.L | HY results |
| Lion Finance | BGEO.L | HY results |
| Spirax | SPX.L | HY results |
Consumer and policy backdrop
British consumers spent more on food and in pubs last month on the back of England's run to the World Cup semi-finals and hot weather boosted clothing sales but they remained wary of big outlays, according to surveys.
