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UPDATE 1-UK Stocks-Factors to watch on Nov. 11

Published 11/11/2019, 08:40
Updated 11/11/2019, 08:45
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Nov. 11
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(Adds futures, news items)

Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 3 points

lower at 7,357 on Monday, according to financial bookmakers, with futures

FFIc1 down 0.35% ahead of the cash market open.

* BRITISH STEEL: China's Jingye Group said it is still in talks to buy

British Steel after the BBC reported the company was set to buy the UK

steelmaker for 70 million pounds ($90 million). * JUST EAT: Netherlands-based Prosus PRX.AS said it had published its cash

offer document to buy online takeaway delivery platform Just Eat JE.L for 710

pence a share, pitching its bid against rival Takeaway.com with a lowered

acceptance threshold of 75%. * GREGGS: British baker and takeaway food group Greggs GRG.L forecast a

2019 pretax profit ahead of previous expectations after enjoying strong trading

despite comparatives with last year getting progressively harder. * ELECTROCOMPONENTS: Electrocomponents' ECM.L top boss Lindsley Ruth would

be on a leave of absence while he gets treated for a "medical condition", the

company said. * ECO ANIMAL HEALTH: Veterinary medicines maker ECO Animal Health Group

EAH.L said its business in China was hit by an outbreak of African swine

fever, while the ongoing U.S.-China trade war squeezed margins in the United

States. * BHP: BHP Group's BHPB.L BHP.AX petroleum division head said on Monday

the business is set to deliver strong returns and cash flow through the 2020s

and beyond, supported by a raft of high-potential projects. It may also pursue

acquisitions to help grow its petroleum business. * ASTRAZENECA: AstraZeneca AZN.L on Friday said that safety data on

roxadustat underpinned the British drugmaker's hopes for the anaemia drug to

become a standard treatment for patients with kidney disease. * SHELL: Royal Dutch Shell RDSa.L said there was a gas leak on Friday on a

unit at its 404,000 barrel per day Pernis oil refinery in the Netherlands. The

leak had been stopped and the situation at the refinery is under control, a

spokesman said. * UNILEVER: Unilever Plc's ULVR.L Ben & Jerry's has been sued by an

environmental advocate who said it deceived consumers by touting that the milk

and cream it uses to make ice cream came exclusively from "happy cows."

* GOLD: Gold prices edged up on Monday, after touching a three-month low in

the previous session, as concerns linger over the trade war between the United

States and China and the prospect of a slowing global economy. * OIL: Oil prices fell on Monday amid renewed doubts over the prospects of a

trade deal between the United States and China, while concerns over excess

supplies also weighed on the market. * The UK blue-chip index closed down 0.6% on Friday, dragged by declines in

mining stocks and a 4% drop in Asia-exposed luxury brand Burberry. * 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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