October 31, 2016 / 6:41 AM / 2 years ago

UK Stocks-Factors to watch on Oct 31

Oct 31 (Reuters) - Britain's FTSE 100 index is seen opening 13-16
points lower, or down as much as 0.2 percent, on Monday, according to financial
bookmakers, with futures down 0.2 percent ahead of the cash market open.
    * The UK blue chip index closed 0.1 percent higher at 6,996.26 on Friday,
led by a rise in airlines following an earnings update from IAG, though banks
were also in focus after a busy week of earnings that saw the sector hold near
its highest level of 2016. 
    * DEUTSCHE BANK: Deutsche Bank is among more than 20 bidders in
talks to potentially buy a 3.2 billion euro ($3.5 billion) loan portfolio from
state-owned rival HSH Nordbank as Germany's biggest lender tries to do
deals despite its troubles, sources told Reuters. 
    * SKY/VODAFONE: New Zealand's competition regulator on Monday asked for more
detail on Sky Network Television's plan to buy Vodafone PLC for
NZ$1.3 billion ($930.28 million), citing concern it would dampen competition
from rival broadband and mobile providers. 
    * DEUTSCHE BANK: U.S. and U.K authorities have made progress in their
investigation into allegations that Deutsche Bank helped its clients
in Russia disguise suspicious trades, and a settlement could come by the first
half of next year, people familiar with the matter said. 
    * VODAFONE: David Einhorn's Greenlight Capital sold out of its profitable
stock holdings in UK telecommunications company Vodafone Group Plc and
German chemical business Evonik Industries AG, according to a letter
sent to investors Friday and seen by Reuters. 
    * BANK OF ENGLAND: Bank of England Governor Mark Carney is ready to serve a
full eight-year term, despite critics campaigning for him to resign ahead of
time, the Financial Times reported on Sunday. 
    * UBER: Uber should treat its drivers as employees and pay them
the minimum wage and holiday pay, a British tribunal ruled on Friday, in a
verdict that could hit thousands of firms and deliver a blow to the 'gig
    * MORRISON: British supermarket chain Morrison has raised the price
of Marmite yeast spread by 12 percent, passing on to consumers an increase
sought by its maker Unilever that led to a row with retailer Tesco
 this month dubbed "Marmitegate". 
    * UK AUTOMOBILE: Prime Minister Theresa May's deal to keep Nissan 
investing in Britain opened the floodgates on Friday to demands from rival car
companies chasing their own assurances from the government that they won't be
hurt by Brexit. 
    * UK LENDING: Syndicated lending to British companies has more than halved
in the year to date compared to the same period last year as Brexit continues to
cast a pall over what was previously Europe's biggest loan market, according to
Thomson Reuters LPC data. 
    * BRITAIN EU: Britain told Nissan it would aim for tariff-free
trade with Europe for the motor industry after Brexit, persuading the Japanese
company to invest in the country's biggest car plant, a cabinet minister said on
    * UK CREDIT RATING: Ratings agency Standard & Poor's said on Friday it was
keeping a negative outlook on Britain's AA sovereign credit rating due to
ongoing uncertainty about the country's future outside the EU, after downgrading
it in the wake of June's referendum. 
    * OIL: Oil prices extended declines on Monday after non-OPEC producers made
no specific commitment to join OPEC in limiting oil output levels to prop up
prices, suggesting they wanted the oil producing group to solve its differences
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 WPP Plc                 Q3 Trading Statement 
    > Financial Times                      
    > Other business headlines             
 Multimedia versions of Reuters Top News are now available for:
 * 3000 Xtra    : visit topnews.session.rservices.com
 * For Top News : topnews.reuters.com

 (Reporting by Pranav Kiran in Bengaluru; Editing by Sherry Jacob-Phillips)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below