UK Stocks-Factors to watch on Nov. 22
22/11/2023 04:56
Nov 22 (Reuters) - Britain's FTSE 100 index .FTSE is
expected to open higher on Wednesday, with futures FFIc1 up
0.07%.
* MINIMUM WAGE: Britain's minimum wage will increase by
9.8% to 11.44 pounds ($14.26) an hour from April 2024, making it
one of the highest as a share of average earnings of any
advanced economy.
* BUSINESS TAX: British finance minister Jeremy Hunt
will reveal a permanent tax break for businesses in his Autumn
Statement on Wednesday as part of measures to boost economic
growth, The Times and The Financial Times newspapers reported on
Tuesday.
* METAL: London copper prices hovered near two-month highs
after U.S. Federal Reserve minutes showed a cautious approach to
more interest rate hikes.
* GOLD: Gold eased below the key $2,000 level, as the dollar
stabilised from its recent drop, although expectations that the
U.S. Federal Reserve has reached the end of its tightening cycle
put a floor under bullion prices.
* OIL: Oil prices were largely unchanged in Asian trade as a
potentially big build-up of U.S. crude cancelled out gains
triggered by likely supply cuts from the OPEC+ producers group.
* FTSE 100: UK's FTSE 100 receded on Tuesday with
heavyweight energy stocks falling on lower crude prices, while
the pound gained steam after comments from Bank of England
officials, further pressuring the exporter-heavy index.
* UK CORPORATE DIARY:
SAGE GROUP SGE.L FY23 RESULTS
KINGFISHER PLC KGF.L Q3 TRADING UPDATE
SEVERN TRENT SVT.L INTERIM RESULTS
SPEEDY HIRE SDY.L HY RESULTS
JOHNSON MATTHEY JMAT.L INTERIM RESULTS
GRAINGER GRI.L FY RESULTS
BRITVIC BVIC.L PRELIMINARY RESULTS
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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($1 = 0.8025 pounds)
(Reporting by Zainab Saifuddin Saifee in Bengaluru)
((Zainab.SaifuddinSaifee@thomsonreuters.com; +91 8766460080;))