UK Stocks-Factors to watch on Sept 11 (updated)

Restaurant

11/09/2023 07:41

(Updates futures, adds news items in bullets 1-3)
       Sept 11 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Monday, with futures  FFIc1  up 0.34%.
    
    * VISTRY: British homebuilder Vistry Group  VTYV.L  said it
would merge its affordable-housing business 'Partnerships' with
its Housebuilding operations, while maintaining its annual
profit forecast on resilient demand in cheap homes segment.
        * RESTAURANT GROUP: The Restaurant Group (TRG)  RTN.L 
agreed to sell its loss-making leisure business, which includes
brands Frankie & Benny's and Chiquito, to Cafe Rouge owner Big
Table Group to bolster margins and cut debt.
        * SYNCONA: British healthcare investment firm Syncona
 SYNCS.L  said Novartis  NOVN.S  stopped development of
experimental eye treatment, GT005, which would result in
payments write-off of 54.5 million pounds ($68.23 million) for
Gyroscope Holdings.
    * BARCLAYS: Barclays is drawing up plans to cut hundreds of
jobs, two sources familiar with matter told Reuters, as bank
trims its costs while embarking on a wider strategy review.
    * INFLATION: The British public's expectations for inflation
over medium- to long-term, which are closely watched by Bank of
England, rose in August, a survey showed.
    * MOTOR FUEL GROUP: UK's Motor Fuel Group (MFG) is in talks
with supermarket chain Morrisons for 340 fuel retail forecourts
in deal worth about 2 billion pounds ($2.49 billion), the petrol
stations giant said.
    * FCA: Britain's financial watchdog told banks on Friday it
would "ramp up" checks on whether they were properly assessing
and managing risks from large customers.
    * COPPER: London copper rose after weekly loss, as signs of
economic stabilisation in China sparked demand hopes.
    * OIL: Oil prices eased in early Asian trade as economic
concerns in China weighed on fuel demand outlook.  
    
    * For more on the factors affecting European stocks, please
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 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))