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UPDATE 1-UK Stocks-Factors to watch on Sept 17

Published 17/09/2019, 07:54
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Sept 17
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(Adds news items, futures)

Sept 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 7

points higher at 7,328 on Tuesday, according to financial bookmakers, with

futures .FFIc1 down 0.5% ahead of cash market open.

* OCADO: British online supermarket and technology company Ocado OCDO.L

reported an acceleration in retail sales growth in its latest quarter, helped by

additional capacity from its fourth automated warehouse.

* STAFFLINE: Recruitment company Staffline Group Plc STAF.L reported a

loss for the first half on Tuesday and said Brexit had become the source of

unprecedented uncertainty for its end customers, increasingly weighing on

consumer confidence. * FRENCH CONNECTION: British clothing retailer French Connection FCCN.L

said on Tuesday it expects its sale process to be concluded by the end of the

year, and reported a smaller first-half operating loss on growth in its

wholesale business in the United States. * WOODFORD, CIRCASSIA PHARMACEUTICALS: British asset manager Woodford

Investment Management Ltd disclosed a less than 5% stake in Circassia

Pharmaceuticals Plc CIRCI.L as of Sept. 13, a filing showed on Monday.

* BURBERRY: Italian designer Riccardo Tisci looked to Burberry's Victorian

roots for the luxury British brand's latest line at London Fashion Week on

Monday, mixing delicate lace with edgy street style for looks aimed at catering

to different age groups.

* OIL: Oil fell more than 1% on Tuesday as the market hung on tenterhooks

over the threat of a military response to attacks on Saudi Arabian crude oil

facilities that cut the kingdom's output in half and sent prices soaring by the

most in decades. * GOLD: Gold traded steady on Tuesday as most traders stayed on the

sidelines ahead of a widely expected rate cut by the U.S. Federal Reserve later

this week. * The UK blue chip index slipped 0.6% on Monday as non-oil stocks took a hit

from mounting geopolitical risks and growth concerns after crude prices rose due

to the attacks on Saudi Arabian production facilities. For more on the factors affecting European stocks, please click on:

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