UK Stocks-Factors to watch on September 23
UK Stocks-Factors to watch on September 23 Sept 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.4%.
* AIRTEL MONEY: Airtel Africa's AAF.L Airtel Money is expected to file paperwork for its initial public offering to the London Stock Exchange as soon as Wednesday, aiming for a valuation of $8 billion to $9 billion, the Financial Times reported.
* DIAGEO: WPP WPP.L CFO Joanne Wilson is set to leave Britain's biggest advertising group to become finance chief of Guinness-maker Diageo DGE.L, Sky News reported.
* WPP: WPP WPP.L opened a production facility in London, which the British company said was the first of a global roll-out to meet demand for high-quality ads that can be deployed across social media and other platforms at speed.
* PAY SETTLEMENTS: Pay settlements by British employers have cooled, adding to signs of a softer labour market as businesses said they faced higher employment costs and tighter budgets, a survey showed.
* OIL: Oil prices extended declines as investors eyed improved Gulf supply after Saudi Arabia restarted operations at a critical pipeline.
* GOLD: Gold prices eased as investors weighed the prospect of major central banks keeping interest rates elevated for longer in their efforts to curb persistent inflation.
* METALS: Copper drifted down, weighed by gains in the US dollar, which also pressured other industrial metals.
* FTSE: The UK's FTSE 100 edged lower on Tuesday as banks and telecoms stocks retreated, while investors awaited potential US-Iran talks after signs of improved oil flows in the Strait of Hormuz.
* UK CORPORATE DIARY:
JD Sports | JD.L | HY |
Renishaw | RSW.L | FY |
* 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 in Bengaluru)
((roshni.srivastava@thomsonreuters.com))