UK Stocks-Factors to watch on Nov 29 (updated)
29/11/2024 07:38
(Adds new items, updates futures)
Nov 29 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Friday, with futures FFIc1 down 0.2%.
* TI FLUID: British automotive components supplier TI Fluid
TIFS.L said that it will be acquired by Canada's ABC
Technologies for 1.04 billion pounds ($1.32 billion), expanding
the combined group's reach across the Americas, Europe, and
Asia.
* DIRECT LINE: Insurance company Aviva AV.L has contacted
investors in bid target Direct Line DLGD.L , a move that could
pave the way for a hostile takeover of the smaller rival, the
Financial Times reported on Thursday.
* WISE PLC: European regulators rebuked British fintech firm
Wise WISEa.L over its anti-money laundering controls and
forced the payments group into a formal remediation plan, the
Financial Times reported on Friday, citing five people familiar
with the matter.
* UK ECONOMY: British finance minister Rachel Reeves has
delayed the timing of a multi-year spending review from spring
2025 to June, the Financial Times reported on Thursday, citing
officials and ministers.
* OIL: Oil prices were mixed following a potential renewal
of supply risk as Israel and Hezbollah traded accusations of
ceasefire violations, and as a delay to an OPEC+ meeting left
investors awaiting a decision on its output policy.
* GOLD: Gold prices rose, helped by a slight dip in the U.S.
dollar and growing geopolitical tension, but remained on track
for a weekly decline as markets awaited key U.S. data for
further insights into the Federal Reserve's monetary policy
direction.
* METALS: Copper prices rose but remained on track for a
second straight monthly fall.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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($1 = 0.7851 pounds)
(Reporting by Aby Jose Koilparambil and DhanushVignesh Babu in
Bengaluru)
((mailto:abyjose.koilparambil@thomsonreuters.com))