NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

UPDATE 1-UK Stocks-Factors to watch on Dec. 17

Published 17/12/2019, 08:51
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Dec. 17
UK100
-
PFC
-
GSK
-
ULVR
-
UK100
-
TED
-

(Adds futures, updates news items)

Dec 17 - Britain's FTSE 100 .FTSE index is expected to open 1 point lower

at 7,518 on Tuesday, according to financial bookmakers, with futures FFIc1

down 0.2% ahead of the cash market open.

* UNILEVER PLC: Consumer goods giant Unilever Plc ULVR.L said it expects

sales growth in 2019 to be slightly below its prior expectations, citing tough

trading conditions in West Africa and a slowdown in south Asia. * PETROFAC LTD: Oilfield services provider Petrofac Ltd PFC.L guided to a

more than 5% fall in full-year revenue, with delays in bidding processes

constricting order intake in its biggest segment during the second half.

* TED BAKER: Ted Baker's TED.L non-executive director Ron Stewart has left

the company after nine years, the troubled fashion retailer said, a week after

the departure of its CEO and chairman. * BANKS: The Bank of England said on Monday it planned to adjust the rules

on how much capital British banks must hold, to allow them to keep lending in an

economic crisis and also said the unrest in Hong Kong led to as much as $5

billion of capital outflow from investment funds in the Asian financial hub

since April. * BOEING SUPPLIERS/AIRLINES: Boeing Co BA.N said on Monday it would

suspend production of its best-selling 737 MAX jetliner in January, its biggest

assembly-line halt in more than 20 years, as fallout from two fatal crashes of

the now-grounded aircraft drags into 2020. * GSK: GlaxoSmithKline GSK.L said on Monday it had applied for U.S.

approval for its experimental multiple myeloma drug that showed meaningful

response in nearly a third of patients, setting up a battle against Johnson &

Johnson JNJ.N and Genmab's Darzalex. * IAG: British Airways pilots have voted to accept an agreement to end a

dispute over pay which resulted in the first walkout by pilots in the airline's

history, the British Airline Pilots' Association (BALPA) said on Monday.

* GOLD: Gold prices were rangebound on Tuesday, as lack of concrete details

about the interim U.S.-China trade deal kept investors from making firm bets.

* OIL: Oil prices climbed higher as investors kept the faith with hopes that

a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil

demand in the world's biggest economies.

* The UK blue chip index soared 2.3% on Monday, its biggest one-day

percentage gain in nearly a year, as a preliminary U.S.-China trade deal and

hopes of an orderly Brexit after UK Prime Minister Boris Johnson's election

victory saw investors flock to perceived riskier assets, such as equities.

* For more on the factors affecting European stocks, please click on:

LIVE/

TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.