UK Stocks-Factors to watch on Nov 21

Scottish Mortgage Investment Trust

21/11/2024 04:58

Nov 21 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Thursday, with futures  FFIc1  up 0.27%.
    
    * PAY GROWTH: Growth in pay awards by British employers held
steady in the three months to October but is expected to cool in
2025, according to a survey on Thursday that showed firms under
pressure from the new government's decisions on tax and wages.
    * LAWSUIT: Mirror Group Newspapers (MGN) is facing 101
phone-hacking lawsuits from public figures, including actors
Kate Winslet, Sean Bean, and Gillian Anderson as well as the
estate of the late Australian cricketer Shane Warne, London's
High Court heard on Wednesday.
    * OIL: Oil prices edged higher on Thursday due to supply
concerns triggered by escalating geopolitical tensions amid the
ongoing war between Russia and Ukraine.
    * METALS: Base metals prices were largely higher on Thursday
amid a softer dollar, but gains were minimal as market
participants awaited more cues on potential U.S. tariff
policies.
    * GOLD: Gold prices rose for the fourth straight session on
Thursday, driven by safe-haven demand amid escalating tensions
in the Russia-Ukraine conflict, while investors awaited remarks
from Federal Reserve policymakers on the interest rate outlook.
    * EX-DIVS: National Grid  NG.L , Vodafone  VOD.L , Scottish
Mortgage Investment Trust  SMT.L , DCC  DCC.L , and B&M European
Value Retail  BMEB.L  will trade without entitlement to their
latest dividend payout on Thursday.
    * The UK's FTSE 100 share index dipped on Wednesday, as
hotter-than-expected inflation data tempered expectations for
quick interest rate cuts and overshadowed optimism around
software company Sage's upbeat quarterly profit.
    
    * UK CORPORATE DIARY:   
 Halma               HLMA.L     HY results
 Mitie               MTO.L      HY results
 IDSI                IDSI.L     HY results
 JD Sports           JD.L       Q3 Trading update
 Liontrust           LIO.L      HY results
 CMC Markets         CMCX.L     HY results
 Close Brothers      CBRO.L     Q1 trading 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 Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))