UK Stocks-Factors to watch on July 12
Adds new items, updates futures
July 12 -Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.5%.
* ASHMORE: British fund manager AshmoreASHM.L reported afurther $2 billion of quarterly net outflows of client cash, as investors continued to shun the specialist firm's emerging markets funds.
* Investment fund Oaktree Capital Management disclosed a 6.3% stake in Indivior PlcINDV.L, days after the drugmaker issued a profit warning and signalled a slowdown in sales of its top-selling opioid addiction treatment.
* UK ECONOMY: Britain's new government has inherited an economy that is gathering momentum but the recent, stronger-than-expected growth figures do not mean Prime Minister Keir Starmer and his team have found a way out of their bind on public spending.
* PUBS, SUPERMARKETS, RESTAURANTS: English pubs, supermarkets and restaurants are set for a weekend bonanza as fans prepare to tune in to watch England play Spain in the final of the Euro 2024 soccer championship in Germany and before that the Wimbledon tennis men's singles final in London.
* DRILLING: Britain has reversed a decision to grant permission for an oil drilling operation and dropped its defence to a legal challenge over a disputed new coal mine, campaigners said on Thursday, after a landmark ruling on fossil fuel projects.
* OIL: Oil prices inched up amid signs of easing inflationary pressures in the world's biggest oil consumer, the United States, though the contracts were headed for a weekly decline.
* GOLD: Gold prices edged lower, but were headed for a third straight week of gains as cooler-than-expected U.S. inflation data boosted hopes of the Federal Reserve cutting interest rates in September.
* 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
Reporting by Radhika Anilkumar and DhanushVignesh Babu in Bengaluru
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