UK Stocks-Factors to watch on Nov 5 (updated)
05/11/2024 07:44
(Adds new items, updates futures)
Nov 5 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Tuesday, with futures FFIc1 down 0.2%.
* VODAFONE: The $19 billion merger between Vodafone VOD.L
and Hutchison's 0001.HK Three UK is likely to be given the go
ahead as investment commitments outweigh competition concerns,
the British regulator said in a provisional ruling on Tuesday.
* ASSOCIATED BRITISH FOODS: Associated British Foods
ABF.L reported a 32% rise in full-year profit, with a robust
performance from its grocery division and a solid outcome from
its Primark clothing business, partially offset by accelerating
weakness in its sugar operations.
* ASOS: British online fashion retailer ASOS ASOS.L said
that it expected its adjusted earnings to rise by at least 60%
in its 2025 financial year after a turnaround plan focused on
ditching discounting and improving its products gained traction.
* TP ICAP: British inter-dealer broker TP ICAP TCAPI.L
reported a 10% increase in its third-quarter revenue, driven by
strong performances in its global broking and liquidnet
segments.
* SHEIN: Sales by Shein's Ireland-registered entity,
Infinite Styles Ecommerce Co, grew 68% in 2023, hitting 7.684
billion euros ($8.37 billion), 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.
* SHELL: Shell SHEL.L said it is moving non-essential
personnel from its Appomattox, Vito, Ursa, Mars, Auger, and
Enchilada/Salsa assets to shore due to a 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.
* 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
($1 = 0.9183 euros)
(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))