UK Stocks-Factors to watch on Oct 22 (updated)

Wickes

22/10/2024 07:40

(Adds news items, updates futures)
       Oct 22 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Tuesday, with futures  FFIc1  down 0.4%.

    * HSBC: HSBC Holdings  HSBA.L  named insider Pam Kaur as its
first female finance chief, and said it would streamline the
bank into four business units.
    * THAMES WATER: Britain's Thames Water has initiated a
process to raise at least 3.3 billion pounds in equity to stay
afloat, Bloomberg News reported.
        * BORROWING: British public borrowing in the first six
months of the tax year came in 
    higher
     than official forecasts, data showed.
  
        * MULBERRY: British luxury brand Mulberry  MUL.L  
    rejected
     a second takeover proposal from Frasers Group  FRAS.L ,
saying the possible offer is "untenable".
  
        * IHG: InterContinental Hotels Group  IHG.L  posted
third-quarter room revenue 
    growth
     of 1.5%, as summer demand in Europe offset a subdued U.S.
market and dogged weakness in China.
  
        * WICKES: Wickes  WIX.L  reported a 2.1% 
    growth
     in group revenue as it saw its customers catching up on
outdoor projects that were pushed by the wet weather during
spring and early summer in Britain.
  
        * HUNTING: Hunting  HTG.L  
    lowered
     its annual profit outlook partly hurt by prospective lower
client activity for the rest of the year.
  
        * SABRE: Sabre Insurance  SBRE.L  said it 
    expects
     growth in annual gross written premiums to moderate
slightly, driven by inflation in motor claims.
  
    * IDS: Parcel services firm GLS has agreed to buy a 20%
stake in Greece's ACS for 74 million euros, parent International
Distribution Services  IDSI.L  said.
    * OIL: Oil prices dip as geopolitical risks stabilise, China
demand weighs
    * METALS: London copper prices ticked higher on hopes about
further stimulus measures and demand recovery in top consumer
China.

        
  
    * For more on the factors affecting European stocks, please
click on:  LIVE/     
    TODAY'S UK PAPERS
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 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))