UK STOCKS-Factors to watch on Dec 1 (updated)
01/12/2022 07:59
(Adds news items, updates futures)
Dec 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening
higher on Thursday, with futures FFIc1 up 0.16%.
* HOTEL CHOCOLAT: Hotel Chocolat HOTC.L said it would cut back on
discounts this holiday season as the British luxury chocolate maker swung to an
annual loss on one-off charges.
* HOUSE PRICES: British house prices tumbled 1.4% in November, compared with
October, the biggest monthly drop since June 2020, mortgage lender Nationwide
said.
* BRITISH GAS: British Gas is launching an energy reduction plan for this
winter that will pay customers for every unit of electricity they save compared
to their normal usage.
* CAPRICORN ENERGY: Capricorn Energy's CNE.L move to ask shareholders for
permission to bolster its options for payouts could pave the way for an
alternative to its planned merger with NewMed NWMDp.TA .
* BOOHOO: Boohoo BOOH.L said it was entering the Indian market through a
deal to feature its brands on Walmart Inc WMT.N -owned online fashion site
Myntra.
* HIGH SPEED INTERNET: Britain is to trial using low Earth orbit satellites
to provide high-speed internet connections to remote homes and businesses, with
the initial sites supported by equipment supplied by Elon Musk's Starlink
system.
* OIL: Oil prices dipped in Asia trade as uncertainty lingered ahead of
Sunday's OPEC+ meeting, though easing COVID curbs at the world's top crude
importer China capped price declines.
* GOLD: Gold touched a two-week high supported by a weaker dollar after U.S.
Federal Reserve Chair Jerome Powell's speech sparked expectations of smaller
interest rate hikes ahead.
* METALS: Copper prices climbed to their strongest in two weeks, supported
by a weaker dollar and signs that top metals consumer China was shifting away
from its stringent COVID-19 curbs policy.
* For more on the factors affecting European stocks, please click on:
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(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com;))