UK Stocks-Factors to watch on Oct 10 (updated)

Tritax EuroBox

10/10/2024 07:43

(Adds new items, updates futures)
       Oct 10 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Thursday, with futures  FFIc1  up 0.2%.
     
    * TRITAX EUROBOX: Brookfield Asset Management  BAM.TO  has
agreed to buy Tritax EuroBox  EBOX.L  for 1.1 billion pounds
($1.44 billion), including debt, kicking off a possible takeover
battle for the European logistics real estate firm.
    * LIONTRUST ASSET MANAGEMENT: Britain's Liontrust Asset
Management  LIO.L  reported a 4% drop in its third-quarter
assets under management and advice (AuMA), hurt by weak investor
sentiment ahead of the new government's maiden budget.
    * HSBC: HSBC  HSBA.L   0005.HK  CEO Georges Elhedery is
weighing cost-cutting measures that could save up to $300
million by reducing top management layers, the Financial Times
reported.
    * GSK: Shares of GSK  GSK.L  are seen rising 5%, according
to pre-market indications, after the British drugmaker agreed to
pay up to $2.2 billion to settle lawsuits that claimed its
discontinued heartburn drug Zantac caused cancer..
    * OIL: Oil prices rose, underpinned by a spike in fuel
demand as a major storm barreled into Florida and concerns about
potential supply disruptions in the Middle East amid heightened
tensions between Israel and major oil producer Iran.
    * GOLD: Gold prices nudged higher, while traders await a key
U.S. inflation data due later in the day to gauge the Federal
Reserve's future monetary policy stance.
    * METALS: Copper prices rose in London, rebounding from a
two-week low hit in the previous session.
    * EX-DIVS: Tesco  TSCO.L , WPP  WPP.L , Taylor Wimpey
 TW.L , Kingfisher  KGF.L  will trade without entitlement to its
latest dividend pay-out on Thursday.

    
    * 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 = 0.7648 pounds)

 (Reporting by Yamini Kalia and DhanushVignesh Babu in
Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))