UK Stocks-Factors to watch on Oct. 11

Safestyle UK

11/10/2023 06:30

Oct 11 - Britain's FTSE 100  .FTSE  index is seen
opening lower on Wednesday, with futures  FFIc1  down 0.20% 
    
    * SAFESTYLE: Safestyle UK  SFES.L  confirmed it was
exploring alternatives, including a potential sale of the
company or a capital injection, as it deals with financial woes.
    * FCA: Britain's financial regulator said it was stopping
peer-to-peer platform rebuildingsociety.com from approving
financial promotions for Binance and other crypto asset firms,
days after Binance announced it had partnered with the company. 
   * RECRUITERS: British employers cut their job vacancies for
the first time in more than two and half years in September and
reduced their hiring again, a recruiters' industry body said. 
    * OIL: Oil edged higher as investors grappled with the
prospect of supply disruptions due to the Middle East turmoil. 
    * GOLD: Gold prices held near a more than one-week high, as
the dollar edged lower after several U.S. Federal Reserve
officials suggested that the recent surge in Treasury yields
might make further rate hikes less necessary.
    * METALS: Copper prices retreated as jitters about demand in
top consumer China were reinforced by Chinese property giant
Country Garden's warningthat its ability to meet offshore debt
obligations faced "significant challenges".
    * FTSE: London's FTSE 100 index posted its best daily
performance in nearly a month as bond yields eased after dovish
comments from Federal Reserve officials raised hopes the Bank of
England would not hike interest rates further.
    
    
    * UK CORPORATE DIARY:   
 Pagegroup     PAGE.L    Q3 trading
                         statement
  Marstons    MARS.L     FY trading
                         statement
  QinetiQ       QQ.L     Q2 Trading
   Group                   Update
        
  
    * 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 DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))