UK Stocks-Factors to watch on Nov 19 (updated)

Mulberry

19/11/2024 07:47

(Adds new items, updates futures)
       Nov 19 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Tuesday, with futures  FFIc1  up 0.45%.
    
    * IMPERIAL BRANDS: Cigarette maker Imperial Brands  IMB.L  
reported forecast-beating operating profit and said it expected
another strong performance next year, as revenues from smoking
alternatives soared 26%.
        * GSK: British drugmaker GSK  GSK.L   said its
experimental therapy, linerixibat, met its main goal in a
late-stage trial to treat patients with a so-called relentless
itch associated with a rare autoimmune liver disease.
    * INFORMA: Informa  INF.L , the UK events and academic
publishing group, posted a 10.7% revenue growth in the first 10
months of this year, and reiterated its annual outlook, partly
buoyed by strength in its live events businesses.
        * MULBERRY: Mulberry Group  MUL.L   said it will
streamline operations after the British luxury brand's revenue
fell 19% in the first half of the year, partly hurt by low
consumer confidence in the UK, its biggest market.
    * AQUIS EXCHANGE: The chairman of Aquis Exchange plc  AQX.L 
 is leaving the company less than two weeks after the group
unveiled a recommended cash offer from rival exchange operator
SIX Group, Aquis said.
    * THAMES WATER: Britain's Thames Water said on Monday that
creditors of its Class A debt approved a proposal to let it use
about 400 million pounds ($505.9million) of cash from its
reserve accounts, providing a cash runway to February 2025.
    * OIL: Oil prices retreated on Tuesday after the previous
day's rally, driven by halted production at Norway's Johan
Sverdrup oilfield, but investors remained cautious amid fears of
a potential escalation in the Russia-Ukraine war.
    * GOLD: Gold prices climbed to a one-week high.
    METALS: Copper prices drifted higher.

        
  
    * For more on the factors affecting European stocks, please
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    TODAY'S UK PAPERS
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 (Reporting by Yamini Kalia and DhanushVignesh Babu in
Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))