UK Stocks-Factors to watch on November 6 (updated)

Frasers

Yesterday 07:42

Adds news, updates futures
Nov 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 1.2%.
 
* IAG: British Airways owner IAG ICAG.L forecast its annual capacity would be slightly lower than a year earlier, as flight disruptions in the Middle East stemming from the ongoing Iran war and other regional conflicts weighed on operations.
* RIGHTMOVE: British property listing firm Rightmove RMV.L said it expects revenue growth in 2027 to be similar to 2026, pressured by a slowdown in new home construction amid affordability pressures and rising mortgage rates.
* MJ GLEESON: British homebuilder MJ Gleeson GLEG.L said it expected a weaker first half of fiscal 2027, warning that cancellations and delayed purchases from first-time buyers were likely to increase in the run-up to the launch of the upcoming "Your First Home" scheme in April.
* HSBC: HSBC HSBA.L, 0005.HK, Europe's largest bank, said it plans to issue $1.5 billion of perpetual subordinated contingent convertible securities to strengthen its capital base and for general corporate purposes.
* FRASERS: Frasers Group FRAS.L said it would buy back up to £100 million ($134.89 million) worth of its shares from MASH Holdings, through a directed trading programme.
* OIL: Oil prices were set on Friday for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump's party suffered election losses, but Middle East supply concerns from the conflict continue to provide a floor for the market.
* GOLD: Gold prices slipped on Friday as oil prices rebounded, fanning inflation worries and higher-for-longer interest rate expectations, while investors awaited key US payrolls data later in the day.
* METALS: Copper dropped and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets.


* 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 in Bengaluru)
 ((krisha.bhatt@thomsonreuters.com))