UK Stocks-Factors to watch on October 7
UK Stocks-Factors to watch on October 7 Oct 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.2%.
* HSBC: HSBC HSBA.L is planning major job cuts in its UK wealth management business, including fewer financial advisers and specialist staff, as part of a wider push to use artificial intelligence, the FT reported.
* SHELL: Shell began evacuating non-essential workers from several offshore production assets in the US Gulf of Mexico ahead of an approaching storm, the company said.
* ANTOFAGASTA: Two unions at Chile's Centinela copper mine rejected further contract talks with Antofagasta Minerals ANTO.L and will strike after mediation efforts failed to produce a deal.
* OIL: Oil prices climbed on supply concerns from a storm threatening US oil regions and Houthi attacks on Saudi Arabia, despite higher Middle East crude supplies.
* GOLD: Gold prices slipped as investors awaited minutes from the US Federal Reserve's September meeting for clues on the interest rate outlook.
* METALS: Copper prices receded slightly, weighed by rising oil prices and gains in the US dollar.
* The UK blue-chip index .FTSE closed up 0.4% on Tuesday as retreating bond yields and softer oil prices calmed investors, though losses in defence stocks capped gains.
* UK CORPORATE DIARY:
Shell | SHEL.L | Q3 update |
Hostelworld | HSW.L | Trading update |
Hollywood Bowl | BOWL.L | FY trading update |
ICG Enterprise | ICGT.L | HY results |
* 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
(Reporting by Anushka Chourasia in Bengaluru)
((Anushka.Chourasia@thomsonreuters.com))