UK Stocks-Factors to watch on Nov. 16 (updated)

Hotel Chocolat

16/11/2023 07:56

(Updates futures, adds news items in bullets 1-10)
       Nov 16 - Britain's FTSE 100  .FTSE  index is seen
opening lower on Thursday, with futures  FFIc1  down 0.07%.
    
    * PREMIER FOODS: Britain's Premier Foods  PFD.L  forecast
higher annual profit after first-half earnings rose.
        * BURBERRY: Britain's Burberry  BRBY.L  said it was
being 
    hit
     by a global slowdown in luxury spending.
  
        * IDS: Royal Mail owner International Distributions
Services  IDSI.L  said it 
    expects
     to pay a modest dividend from its unit GLS this year.
  
        * AMIGO: A reverse takeover deal involving Amigo
Holdings  AMGO.L , Craven House Capital and various individuals 
    signed
     last month has been terminated, the British subprime lender
said.
  
        * AVIVA: British insurer Aviva  AV.L  posted a 13% 
    rise
     in its general insurance gross written premiums for the
first nine months of the year.
  
        * UNITED UTILITIES: UK's United Utilities Group  UU.L  
    retained
     its forecast for annual revenue to rise by about 150
million pounds.
  
        * CREST NICHOLSON: Crest Nicholson  CRST.L  became the
latest British homebuilder to 
    flag
     weakening conditions in the sector.
  
        * MELROSE: British aerospace supplier Melrose  MRON.L 
said it expected 2023 
    profit
     to be 7% higher than its previous expectations.
  
        * SMITHS GROUP: British engineering company Smiths Group
 SMIN.L  said it was on 
    track
     to deliver annual organic revenue growth in line with its
4%-6% target.
  
        * HOTEL CHOCOLAT: British specialist chocolatier Hotel
Chocolat  HOTC.L  
    agreed
     to a 534 million pound ($662 million) takeover offer from
Mars Inc.
  
    * RIO TINTO: Rio Tinto  RIO.L  dismissed former head of its
aluminium division Ivan Vella with immediate effect, an email to
all employees sent by CEO Jakob Stausholm and seen by Reuters
showed.
    * 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 


($1 = 0.8072 pounds)

 (Reporting by Hani Kollathodi and Radhika Anilkumar in
Bengaluru;)
 ((Radhika.Anilkumar@thomsonreuters.com;))