UK Stocks - Factors to watch on Jan. 11 (updated)

LXi REIT

11/01/2024 07:55

(Updates futures, adds news items in bullets 1-9)
       Jan 11 (Reuters) - Britain's FTSE 100 index  .FTSE  is
expected to open higher on Thursday, with futures  FFIc1  up
0.44%.
     
    * WHITBREAD: Premier Inn-owner Whitbread  WTB.L  on Thursday
stuck to its forecast for the year. 
    * M&S: British retailer Marks & Spencer  MKS.L  on Thursday
reported a better-than-expected 8.1% rise in like-for-like sales
over the Christmas trading period.
        * LONDONMETRIC PROPERTY: British landlord LondonMetric
Property  LMPL.L  will 
    acquire
     London-based real estate investment trust (REIT) LXI
 LXIL.L  in a deal valued at 1.9 billion pounds ($2.43 billion),
the companies said.
  
        * TAYLOR WIMPEY: British housebuilder Taylor Wimpey
 TW.L  said on Thursday that the housing market remained 
    uncertain
     in the near term.
  
        * ROBERT WALTERS: Robert Walters  RWA.L  on Thursday 
    forecast
     its full-year pretax profit to be in line with market
expectations.
  
        * FCA: Britain's Financial Conduct Authority said on
Thursday it would 
    kickstart
     a study of the motor finance industry.
  
        * TESCO: Tesco  TSCO.L , Britain's biggest retailer, 
    upgraded
     its profit outlook for the second time in four months.
  
        * BANKS: Britain's Treasury department on Thursday set
out 
    proposals
     to enable the use of certain stabilisation powers to manage
the failure of small banks.
  
        * INFORMA: Events organiser Informa  INF.L  said on
Thursday it 
    expected
     high single-digit revenue growth in 2024 and a jump in
profit.
  
    * WPP: WPP  WPP.L  is considering the sale of its 40% stake
in Kantar, a person with knowledge of the situation said, which
could be valued at up to $8 billion including debt.
    * METAL: Prices of non-ferrous metals largely rose on
Thursday.
    * GOLD: Gold eked out gains on Thursday.
    * OIL: Oil prices ticked higher in Asian trading.
    
    * 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 Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))