UK Stocks-Factors to watch on Nov. 7 (updated)

Restaurant

07/11/2023 07:48

(Updates futures, adds news items in bullets 1-10)
       Nov 7 - Britain's FTSE 100  .FTSE  index is seen opening
lower on Tuesday, with futures  FFIc1  down 0.19%. 
    
    * ASSOCIATED BRITISH FOODS: Primark owner Associated British
Foods  ABF.L  posted 5% increase in annual profit and forecast
"meaningful progress" in its 2023/24 financial year.
        * HSBC: HSBC Group  HSBA.L  CEO Noel Quinn said wealth
flow from mainland 
    China
     to Hong Kong has grown by three to four times this year.
  
        * VISTRY: British housebuilder Vistry  VTYV.L  announced
an 819 million pound ($1 billion)-
    deal
     with Blackstone-backed firms Leaf Living and Sage Homes to
deliver 2,915 homes starting this year.
  
        * NAKED WINES: Naked Wines  WINEW.L  
    slashed
     its annual revenue and profit outlook and said CEO Nick
Devlin will step down.
  
        * BEAZLEY: British insurer Beazley Group  BEZG.L  said
its premiums written 
    rose
     9% in nine months to September.
  
        * PERSIMMON: British homebuilder Persimmon  PSN.L  said
it would build 
    more
     homes this year than its earlier expectation.
  
        * DIRECT LINE: British insurer Direct Line Insurance
Group  DLGD.L  posted an 
    increase
     in gross premiums written in third quarter.
  
        * RESTAURANT GROUP: The owner of PizzaExpress Wheel
Topco Ltd said it would not make an 
    offer
     for Britain's Restaurant Group  RTN.L .
  
        * HOUSE PRICES: British house prices 
    ended
     six months of consecutive falls in October, mortgage lender
Halifax said.
  
        * METRO BANK: Metro Bank  MTRO.L  reported a 5% 
    drop
     in deposits in third quarter.
  
    * BOE: The Bank of England might wait until the middle of
next year before cutting interest rates from their current
15-year high, the BoE's Chief Economist Huw Pill said.
    * PWC: British accounting company PricewaterhouseCoopers
(PwC) plans to cut up to 600 jobs in the UK due to falling
attrition rates, FT reported.
    
    * 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 and Radhika Anilkumar in
Bengaluru; Editing by Janane Venkatraman)
 ((Radhika.Anilkumar@thomsonreuters.com;))