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UK Stocks-Factors to watch on Oct. 7

Published 07/10/2019, 06:18
Updated 07/10/2019, 06:20
© Reuters.  UK Stocks-Factors to watch on Oct. 7
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Oct 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 12

points at 7,143 on Monday, according to financial bookmakers.

*TESCO: John Kingman, who oversaw Britain's bailout of its banks in the

financial crisis and then led the body responsible for the shareholdings, is

being lined up as the chairman of the financial services arm of Tesco Plc

TSCO.L , Sky News reported on Saturday. *VODAFONE: Vodafone VOD.L is testing innovative open access radio

technology in Britain - a first for Europe - in a move that could break the grip

Huawei HWT.UL , Ericsson ERICb.ST and Nokia NOKIA.HE hold on the telco

equipment market. *HSBC: The bank HSBA.L is planning to cut up to 10,000 jobs as interim

Chief Executive Officer Noel Quinn seeks to reduce costs across the banking

group, the Financial Times reported on Sunday. *OIL: Oil prices fell on Monday, extending last week's heavy losses, with

traders fearing the global economic slowdown will weigh on future oil demand

growth while pegging hopes for a rebound on progress in talks this week on

ending the U.S.-China trade war.

*GOLD: Gold prices edged higher on Monday as investors were cautious ahead

of this week's Sino-U.S. trade talks following a report that Beijing would

likely disagree to a broad trade deal with the United States. *The UK blue-chip index rose 1.1% on Friday after encouraging U.S. job data

calmed investors' nerves but the bourse still posted its worst week since that

of Oct. 12 last year. UK CORPORATE DIARY:

Newmark Security PLC NWMS.L Full Year 2019 Earnings Release

Pacific Horizon Investment Trust PHI.L Full Year 2019 Earnings Release

ICG Enterprise Trust PLC ICGT.L Half Year 2020 Earnings Release

PCI- PAL PLC PCIPP.L Full Year 2019 Earnings Release

Physiomics PLC PYSM.L Full Year 2019 Earnings Release

Plutus Powergen PLC PPGL.L Full Year 2019 Earnings Release

Angling Direct PLC ANG.L Half Year 2019 Earnings Release

* 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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