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UPDATE 1-UK Stocks-Factors to watch on Nov 21

Published 21/11/2019, 08:55
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Nov 21
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(Adds company news items and futures)

Nov 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 31

points lower at 7,231 on Thursday, according to financial bookmakers, with

futures down almost 0.4% ahead of cash markets open.

* INVESTEC: Anglo-South African financial services firm Investec INVP.L

INLJ.J said on Thursday its first-half profit fell 17.2% after a weak

performance in UK specialist banking. * ROYAL MAIL: Royal Mail RMG.L , one of the world's oldest postal services,

on Thursday posted an operating profit in the first half compared with a loss

last year, benefiting from higher parcel volumes as its turnaround plan

progresses. * CMC MARKETS: British online trading firm CMC Markets Plc CMCX.L on

Thursday posted a jump in first-half net operating income and lifted its

full-year target, as traders adapted to changes after a regulatory crackdown on

high-risk bets. * BRITISH AIRWAYS: Some British Airways flights were delayed by a technical

issue on Thursday, the airline said, in the latest setback for the British

flag-carrier. * WILLIAM HILL: British bookmaker William Hill WMH.L on Thursday reported

a slight rise in revenue for the 17-week period since its first-half results,

benefiting from more demand for online gambling and its aggressive expansion in

the United States. * CENTRICA: Centrica CNA.L remains on track to meet its full-year cash

flow and earnings targets and has raised its expected efficiency savings by 50

million pounds ($64.61 million), the British utility said on Thursday.

* MITIE: British outsourcer Mitie Group Plc MTO.L reported a rise in

first-half profit on Thursday, but warned that Brexit and the upcoming election

could reduce capital commitments by its clients and change their approach to

outsourcing decisions. * OIL: Oil prices retreated on Thursday after gaining more than 2% in the

previous session on bullish U.S. crude inventory data, as a fresh spat over Hong

Kong fuelled concerns of a further delay in any U.S.-China trade deal.

* GOLD: Gold prices inched up on Thursday, supported by concerns that U.S.

bills on Hong Kong could increase tensions between the United States and China

and delay an interim trade deal. * EX-DIVS: Carnival CCL.L CCL.N , DCC DCC.L , Imperial Brands IMB.L

and Scottish Mortgage Investment Trust SMT.L will trade without entitlement to

its latest dividend pay-out on Thursday, trimming 3.3 points off the FTSE 100

according to Reuters calculations.

* The UK blue chip index lost 0.8% on Wednesday after three sessions of

gains as flaring tensions between China and the United States cast doubt over

prospects of a trade deal and retailer Kingfisher slumped 7% following

disappointing quarterly sales. 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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