UK Stocks-Factors to watch on November 3 (updated)
UPDATE 1-UK Stocks-Factors to watch on November 3 Updates futures, adds new items
Nov 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.6%.
* ASSOCIATED BRITISH FOODS: Associated British Foods ABF.L on Tuesday forecast another profit decline this year after reporting a 14% fall in 2025/26, as deeper sugar losses and lower underlying sales at its Primark fashion chain weighed on earnings.
* VIRGIN MEDIA: British mobile and broadband company Virgin Media O2 is cutting jobs, halting its fibre roll-out and is in talks to use its bigger rival BT's network, as the indebted group seeks to increase its cash generation.
* HISCOX: British insurer Hiscox HSX.L reported a 9.5% rise in insurance premiums for the first nine-months of the year on Tuesday, driven by strong demand in its retail business.
* DRAX: British power generator Drax DRX.L said on Tuesday it signed a partnership deal with Brookfield BAM.N and AI infrastructure platform Radiant to jointly develop a data centre exceeding 1 gigawatt at its northern England power station.
* INTERNATIONAL PAPER: International Paper IP.N on Tuesday laid out financial targets for DS Smith, the standalone company being carved out of its Europe, Middle East and Africa packaging business, and said the separation remained on track to complete within or ahead of the 12-15 month timeline.
* TP ICAP: British inter-dealer broker TP ICAP TCAPI.L reported an 11% increase in its third-quarter revenue on Tuesday, as volatile markets continue to boost trading activity among its clients.
*SHELL: Abu Dhabi's XRG will buy Shell's SHEL.L stake in the Woodside Energy-operated North West Shelf project for $1.45 billion, giving the ADNOC subsidiary its first Australian asset.
*COCA-COLA EUROPACIFIC PARTNERS: Bottling firm Coca-Cola Europacific Partners CCEPC.L on Tuesday flagged cost pressures from ongoing geopolitical tensions, but said its business remains resilient helped by pricing, tight spending controls and productivity gains
* CYBERSECURITY: Britain should be prepared for an AI-powered cyberattack on its critical national infrastructure in the next two years, the UK's National Cyber Security Centre said on Tuesday, adding that China was likely the best equipped to conduct such operations.
* COMMODITIES: Oil prices edged up on Tuesday, Gold prices eased, and Copper fell.
* 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
(Compiled by Krisha Bhatt and Ankita Bora in Bengaluru)