Picture of Ithaca Energy logo

ITH — Ithaca Energy News Story

0.000.00%
gb flag iconLast trade - 00:00
EnergySpeculativeLarge CapSuper Stock

UK Stocks-Factors to watch on October 16 (updated)

UPDATE 1-UK Stocks-Factors to watch on October 16

Adds new items, updates futures

- Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.2%.


* MAN GROUP: Man Group EMG.L said its assets under management hit a record $270.9 billion at the end of September, beating expectations and marking a rise of 6.8% from three months earlier.

* ITHACA ENERGY: Ithaca Energy ITH.L said CEO Luciano Vasques intends to retire by March 31, 2027.

* OFGEM: Ofgem launched a consultation on activating its market stabilisation charge, to protect energy suppliers from wholesale price swings and continued market volatility during a possibly tough winter.

* BANKS: British finance minister John Healey said banks were central to the country's economic future when pressed by reporters about the likelihood of a windfall tax on their bumper profits in his first budget on October 28.

* AUTOMOBILE: France and Germany are nearing a deal on cars that would water down EU-wide CO2 emission targets for 2035 and open the door for Britain to be treated as a trusted partner under the EU's "Made in EU" rules, diplomats said.

* ENERGY PRICES: Soaring energy prices so far appear to be having limited wider effects on British prices, but it is too soon to draw firm conclusions about how strong such second-round effects will be, Bank of England Governor Andrew Bailey.

* COMMODITIES: Oil prices eased, gold edged higher as the dollar weakened, and London copper firmed.


* 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 Roshni Srivastava and Neeshita Beura in Bengaluru)

((roshni.srivastava@thomsonreuters.com))

Recent news on Ithaca Energy

See all news