UK Stocks-Factors to watch on Nov 5
05/11/2024 04:47
Nov 5 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Tuesday, with futures FFIc1 down 0.16%.
* SHEIN: Sales by Shein's Ireland-registered entity Infinite
Styles Ecommerce Co grew 68% in 2023, hitting 7.684 billion
euros, according to annual results published.
* CONSUMER SPENDING: British consumer spending grew only
modestly last month as uncertainty in the run-up to finance
minister Rachel Reeves' Oct. 30 budget and rising energy bills
deterred shoppers, a survey showed.
* TOBACCO: The British government plans to ban smoking
outside schools, hospitals and playgrounds as a way of reducing
the pressure on the state-run National Health Service and the
cost to taxpayers.
* SHELL: Shell SHEL.L said it is moving non-essential
personnel from its Appomattox, Vito, Ursa, Mars, Auger, &
Enchilada/Salsa assets to shore due to disturbance in the Gulf
of Mexico.
* OIL: Oil prices traded in a narrow range ahead of what is
expected to be an exceptionally close U.S. presidential
election, after rising more than 2% in the previous session as
OPEC+ delayed plans to hike production in December.
* METALS: Copper prices edged higher while traders awaited
more stimulus cues from top consumer China as well as the
outcome of the U.S. presidential election.
* FTSE: The UK's benchmark FTSE 100 rose marginally on
Monday, helped by energy shares, while cautious investors braced
for the U.S. presidential election and a potential interest rate
cut by the Bank of England later this week.
* UK CORPORATE DIARY:
Associated British Foods ABF.L FY results
ASOS ASOS.L FY results
Schroders SDR.L Q1 Trading update
TP ICAP TCAPI.L Q3 Trading update
Smiths News SNWS.L FY results
IWG IWG.L Q3 Trading update
Weir WEIR.L Q1 Trading update
Coca-Cola Europacific CCEPC.L Q3 Trading update
TI Fluid Systems TIFS.L Q3 Trading update
* For more on the factors affecting European stocks, please
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TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))