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UPDATE 1-UK Stocks-Factors to watch on Dec. 4

Published 04/12/2019, 08:55
Updated 04/12/2019, 09:00
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Dec. 4
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(Adds company news items and futures.)

Dec 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points

higher at 7,170 on Wednesday, according to financial bookmakers, with futures

FFIc1 down 0.22% ahead of the cash market open.

* QUIZ: Fast-fashion retailer QUIZ Plc QUIZ.L reported a plunge in

half-year earnings and said it was exiting loss-making concessions, as it faces

persistently challenging conditions on the UK high street. * M&C SAATCHI: UK-based M&C Saatchi Plc SAA.L warned of lower annual

profit for the second time in less than three months, due to higher costs and

weak performance in the fourth quarter, and the ad agency said it would

restructure its UK business. * STOCK SPIRITS GROUP: Stock Spirits Group STCK.L said its annual profit

more than doubled, driven by higher demand for its premium brand vodka in its

biggest markets of Poland and the Czech Republic. * MORRISONS: British supermarket group Morrisons MRW.L promoted finance

chief Trevor Strain to the role of chief operating officer, putting him in pole

position to eventually take over from chief executive David Potts. * OIL: Oil prices rose ahead of a meeting of OPEC and its allies to discuss

whether to extend production curbs to support the market, while industry data

showing that U.S. crude stockpiles fell more than expected helped to lift

prices. * GOLD: Gold prices hovered near a one-month high hit in the previous

session, as comments from U.S. President Donald Trump dashed market hopes for a

quick preliminary agreement with China, driving support for safe-haven assets.

* London's FTSE 100 dropped to a two-month low on its fourth day in the red

on Tuesday, as U.S. President Donald Trump's nonchalance about reaching a trade

deal with China spooked traders. UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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