UK Stocks-Factors to watch on Oct. 4 (updated)
04/10/2023 07:52
(Adds new items, updates futuresc)
Oct 4 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Wednesday, with futures FFIc1 down
0.31%.
* TESCO: Tesco TSCO.L raised its profit guidance for the
year as it reported a better-than-expected 13.5% rise in first
half core profit and signalled that food inflation would
continue to fall.
* TESCO CEO: Ken Murphy, the chief executive of
Britain's Tesco, said the supermarket is continuing to
raise its prices
"behind the market" rate of inflation.
* SPIRENT: Spirent Communications SPT.L
warned
of lower annual profit, saying the telecommunications
market is "extremely challenged at this time".
* SSE: SSE SSE.L said it
expects
to report half-year adjusted earnings of at least 30 pence
per share.
* SUPERDRY: UK's struggling fashion retailer Superdry
SDRY.L said it
would sellits intellectual property assets in South Asia to
Reliance Retail, India's largest retailer, for 40 million pounds
($48.27 million) via a joint venture.
* OIL: Oil
fell
ahead of a panel meeting of OPEC+ ministers.
* BP: BP Plc BP.L is exploring the sale of a 49% stake in
its U.S. oil and gas pipeline network in the Gulf of Mexico,
hoping to raise as much as $1 billion, according to people
familiar with the matter.
* OFCOM: British media regulator Ofcom will this week push
for an antitrust investigation into Amazon AMZN.O and
Microsoft's MSFT.O dominance of the UK's cloud computing
market, according to two sources familiar with the matter.
* WIZZ AIR: The head of Wizz Air WIZZ.L voiced confidence
that a troubled jet engine developed by Pratt & Whitney would
overcome teething problems in the long term, while noting the
glitches were yielding significant penalty payments.
* 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;))