UK Stocks-Factors to watch on Sept 27 (updated)

AutoNation

27/09/2023 07:54

(Adds news items and updates futures)
       Sept 27 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Wednesday, with futures  .FFIc1  down
0.13%.
    
    * HISCOX: British insurer Hiscox  HSX.L  said it has agreed
to sell DirectAsia, its motor insurance business in Singapore
and Thailand, to Ignite Thailand Holdings following a strategic
review.
        * SAGA: British holiday group Saga  SAGA.L  said it
expected its annual revenue to rise in double digits and
underlying profit to beat market estimates, buoyed by strong
bookings for its ocean cruises amid resilient travel demand.
        * NORTH SEA TRANSITION AUTHORITY: Britain has given the
go-ahead for Equinor  EQNR.OL  to develop the Rosebank oil and
gas field in the North Sea in a move likely to provoke fresh
criticism from environmental campaigners.
        * ROSEBANK: Britain's government welcomed a decision to
allow the development of the Rosebank oil and gas field in the
North Sea, saying it would strengthen energy security and boost
economic growth.
        * OFFICE MARKET: London's embattled office market is in
'rental recession' as volumes of empty space across the
capital's West End, City and Canary Wharf business districts hit
a 30-year high, analysts at Jefferies said. 
    * EMA: The European Medicines Agency (EMA) will discuss the
risk that patients on Wegovy, Ozempic or similar drugs may
suffer certain complications under anaesthesia that can lead to
pneumonia, according to an agenda posted on the regulator's
website.
    * PENDRAGON: British automotive retailer Pendragon  PDG.L 
said on Tuesday it received an unsolicited proposal from
AutoNation  AN.N  for about 447 million pounds ($544.2 million)
in cash.
    * OIL: Oil prices rose nearly $1 as markets focused on
supply tightness heading into winter and a "soft landing" for
the U.S. economy.
   
        
  
    * For more on the factors affecting European stocks, please
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    TODAY'S UK PAPERS
    > Financial Times                       PRESS/FT 
    > Other business headlines              PRESS/GB 

 (Reporting by Anchal Rana and Zainab Saifuddin Saifee in
Bengaluru; Editing by Dhanya Ann Thoppil)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))