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

Man

16/10/2026 07:50

Adds new items, updates futures
October 16 (Reuters) - 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))