UK Stocks-Factors to watch on Oct 11 (updated)
11/10/2024 07:44
(Adds new items, updates futures)
Oct 11 - Britain's FTSE 100 .FTSE index is seen
opening higher on Friday, with futures FFIc1 up 0.1%.
* BP: BP BP.L said a drop in refining margins would reduce
its third-quarter profit by $400 million to $600 million from
the previous three months.
* SAGA: British holiday group Saga SAGA.L said that Ageas
AGES.BR would buy its insurance underwriting business for 67.5
million pounds ($88.06 million), and that it was in exclusive
talks to set up a 20-year partnership for motor and home
insurance with the Belgian firm.
* JUPITER FUND MANAGEMENT: British asset manager Jupiter
Fund Management JUP.L reported lower assets under management
(AUM), with outflows of 1.6 billion pounds in the third quarter,
dampened by weak client sentiment.
* HAYS: Hays HAYS.L forecast a fall in first-half
operating profit from the previous six-month period after the
British recruiter reported a 15% drop in quarterly net fees,
weighed by hesitance among employees to switch jobs and
employers to hire amid macroeconomic uncertainties.
* UK ECONOMY: Britain's economic output rose by 0.2% in
monthly terms in August, data from the Office for National
Statistics showed.
* SHELL: Shell SHEL.L on Thursday lost a bid to have U.S.
regulators allow it to view nonpublic commissioning documents
related to Venture Global LNG's Calcasieu Pass facility, a
setback in a broader dispute over access to cargoes from the
plant.
* OIL: Oil eased after a rally the previous day.
* GOLD: Gold prices climbed after recent data supported bets
for a Federal Reserve interest rate cut next month.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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($1 = 0.7665 pounds)
(Reporting by Yamini Kalia and DhanushVignesh Babu in
Bengaluru)
((Yamini.Kalia@thomsonreuters.com;))