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UPDATE 1-UK Stocks-Factors to watch on Oct. 30

Published 30/10/2019, 08:44
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Oct. 30
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(Adds futures, news items)

Oct 30 - Britain's FTSE 100 .FTSE index is seen opening 7 points lower at

7,299 on Wednesday, according to financial bookmakers, with futures FFIc1 down

0.2% ahead of the cash market open.

* NEXT: British clothing retailer Next NXT.L kept its profit guidance for

the full 2019-20 year, as it reported third quarter sales growth slightly ahead

of guidance given in September. * SAINSBURY'S: British supermarket chain Sainsbury's SBRY.L said it was

looking for two new board members after non-executive directors Matt Brittin and

Jean Tomlin announced plans to leave next year. * DE LA RUE: Passport maker De La Rue DLAR.L warned its annual profit

would be significantly lower than market expectations, as its new top boss, a

turnaround specialist, leads a review of the business. * BREXIT: Britain will hold its first December election in almost a century

after Prime Minister Boris Johnson finally won parliamentary approval for a

gamble on a snap ballot that he hopes will break the deadlock over Brexit.

* STANDARD CHARTERED: Standard Chartered STAN.L reported that

third-quarter profit rose a better-than-expected 16%, as a surge in business

from corporate clients helped the bank weather unrest in its core market of Hong

Kong and global trade tensions. * BP: BP Plc BP.L wants to be part of an effort to build up natural gas

infrastructure in Brazil, an executive said on Tuesday, and believes a power

plant it is building in Rio de Janeiro could eventually be supplied by gas from

offshore oilfields here. * ROYAL MAIL: UK's Royal Mail Plc RMG.L has written to the Communications

Workers Union (CWU) saying it will enter into talks "without preconditions" if

the union agrees to remove the threat of strike action over the Christmas, the

company said on Tuesday. * INMARSAT: The British government cleared the acquisition of satellite

communications company Inmarsat ISA.L by a private equity consortium after it

accepted undertakings given by the acquirer relating to national security.

* BHP: BHP BHP.AX BHPB.L said its Escondida copper mine, the world's

largest, was operating at a "reduced rate" after union workers walked off the

job for part of the day on Tuesday in solidarity with the anti-government

protest movement across Chile. * GOLD: Gold prices firmed as a possible delay in U.S.-China trade deal

stalled a rally in equities, while investors shifted focus to a U.S. central

bank meeting later in the day where it is expected to cut interest rates.

* OIL: Oil prices fell as a possible delay in resolving the U.S.-China trade

war overshadowed a drop in U.S. crude inventories. * The UK blue chip index dipped 0.3%, its biggest daily drop in ten days, as

the prospect of a December general election put investors in Britain in a

cautious mood, while heavyweight BP slid on lower profits. 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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