Aug 9 (Reuters) - Britain's FTSE 100 index is seen opening higher on Wednesday, with futures up 0.61%.
* BELLWAY: British housebuilder Bellway said it would build fewer homes in the current fiscal year and warned of further margin pressures as the housing sector battled a pronounced slowdown, spurred by high mortgage rates.
* HISCOX: Lloyd's of London insurer Hiscox posted
pretax profit
of $265 million in the first half, helped by rising premium rates, it said, a sharp increase from a profit of $25 million a year earlier.
* TP ICAP: TP ICAP reported a
higher half-yearly profit
after the world's biggest inter-dealer broker kept a tight lid on costs and as energy markets normalised.
* FlUTTER: Flutter's first-half
core earnings jumped
76% as its fast growing U.S. Fanduel brand turned a profit for the first time in a "transformation point" for the group's prospects, the world's largest online betting company said.
* TUI AG: Tour group TUI reported its
first post-pandemic
profit as it announced its Q3 figures on the back of robust bookings and travel demand.
* COCA COLA HBC: Bottler Coca-Cola HBC
beat half-year profit
expectations and lifted its annual revenue target, supported by strong sales and higher prices of its soft drinks. * WATER COMPANIES: Six British water companies are facing lawsuits valued at over 800 million pounds ($1.02 billion)brought on behalf of millions of customers for allegedly overcharging customers by under-reporting sewage discharges, a law firm said.
* INFLATION: The Bank of England will not succeed in returning inflation to its 2% target before 2028 at the earliest, according to forecasts from a leading academic think-tank.
* For more on the factors affecting European stocks, please click on:
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($1 = 0.7831 pounds) (Reporting by Zainab Saifee in Bengaluru; Editing by Dhanya Ann Thoppil and Sonia Cheema)