UK Stocks-Factors to watch on Sept 25 (updated)

DFS Furniture

25/09/2024 07:37

(Updates futures and adds news stories)
       Sept 25 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Wednesday, with futures  FFIc1  down
0.52%. 
    
    * RIGHTMOVE: British real estate portal Rightmove  RMV.L 
rejected a sweetened $8.1 billion takeover proposal from
Australian property listing firm REA Group  REA.AX , saying the
bid undervalued the company.
    * DFS: British sofa retailer DFS Furniture  DFSD.L  posted a
65.7% fall in its annual profit, weighed down by weak consumer
demand for big-ticket items and supply chain glut due to
shipping disruptions in the Red Sea.
        * CO-OP GROUP: Co-op Group  42TE.L , which owns
Britain's seventh-biggest supermarket chain, reported a profit
in the first half, aided by growth in membership and so-called
quick commerce.
    * SHELL: Shell  SHEL.L  said it has started the process of
restoring oil production at its Stones platform and Appomattox
platform as the forecast of a looming major hurricane in the
U.S. Gulf of Mexico shifted.
    * LSEG: The London Stock Exchange's  LSEG.L  owner is
looking to offload its stake in Belgium-based financial services
company Euroclear, in a deal that could generate proceeds of
about 500 mln pounds ($669.50 million), Sky News reported on
Tuesday. 
    * OIL: Oil prices fell as investors reassessed the ability
of China's stimulus plans to boost the economy enough to drive
more fuel demand growth in the world's largest crude importer.
    * PRECIOUS: Gold scaled another high, boosted by a softer
U.S. dollar and hopes of more interest rate cuts, while
investors looked for new signals on the U.S. rate cut
trajectory.
    * METALS: Copper prices continued to rally hitting more than
two-month highs amid upbeat sentiment arising from China's
stimulus and lower inventories, with signs of better demand also
lending support.

        
  
    * For more on the factors affecting European stocks, please
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    TODAY'S UK PAPERS
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 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))