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UPDATE 1-UK Stocks-Factors to watch on Oct 2

Published 02/10/2019, 07:54
Updated 02/10/2019, 08:00
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Oct 2
UK100
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TSCO
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ABDN
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TPT
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(Adds company news items, items)

Oct 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 35

points to 7,325 on Wednesday, according to financial bookmakers with futures

down 0.55% ahead of the cash market open.

* TOPPS TILES: Britain's biggest tile retailer Topps Tiles TPT.L on

Wednesday reported lower like-for-like sales for its final quarter, hit by

tougher economic conditions that has dampened consumer confidence. TESCO: Britain's biggest retailer TSCO.L said on Wednesday its chief

executive Dave Lewis will step down next summer and be succeeded by Ken Murphy,

an executive at Walgreens Boots Alliance WBA.O . STANDARD LIFE ABERDEEN: Veteran investor Martin Gilbert is stepping down

from the 500 billion pounds ($613.05 billion) fund firm SLA.L from September

2020, the company said on Wednesday, ending a career spanning more than three

decades in charge of one of Britain's most successful asset

managers. GOLD: Gold prices inched up on Wednesday, after rising as much as 1% in

the previous session, as dismal U.S. manufacturing data fanned fears of a sharp

global economic slowdown and stoked bets of further interest rate

cuts. OIL: Oil rebounded from several days of declining values after industry

data showed a surprise drop in U.S. crude inventories, offsetting weak economic

readings in the United States that have depressed global stock

markets. The UK blue chip index closed down 0.7% lower on Tuesday, reversing gains

from earlier in the day, coming under pressure following disappointing

manufacturing data from the United States that added to concerns about the

health of the global economy. * For more on the factors affecting European stocks, please click on:

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TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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