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UPDATE 1-UK Stocks-Factors to watch on Nov 12

Published 12/11/2020, 08:57
Updated 12/11/2020, 09:00
© Reuters.

(Adds company news items, futures)
Nov 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 62
points lower at 6,320 on Thursday, according to financial bookmakers, with
futures down 0.79% ahead of cash market open.

* ITV: ITV ITV.L said it expected total advertising revenue to be up in
the fourth quarter year on year after it rebounded from the pandemic
lows. * PREMIER OIL: Premier Oil PMO.L reduced its 2020 production outlook to
61,000-64,000 barrels of oil equivalent per day due to problems at its Catcher
field and plans to issue a prospectus in December for its planned merger with
bigger rival Chrysaor. * LEGAL & GENERAL: Legal & General LGEN.L will keep its final dividend
payment for 2020 flat due to the impact of the coronavirus pandemic. * MEDICLINIC: Hospital chain operator Mediclinic International Plc MDCM.L
reported an 86% drop in profits for the half year ended Sept. 30, said
company. * B&M: B&M BMEB.L reported a 95% rise in first-half core earnings as its
low prices and out-of-town stores chimed with consumers during the COVID-19
pandemic. * BURBERRY: Burberry BRBY.L said its sales returned to growth in October
showing it was recovering from the impact of COVID-19, an improvement from the
6% drop in comparable store sales in the three months ended
September. * ASTRAZENECA: AstraZeneca PLC AZN.L said its cancer treatment, Calquence,
failed to meet the main goal of a mid-stage trial, testing it in patients
hospitalized with respiratory symptoms of COVID-19. * TCS GROUP: Russian lender TCS Group Holding TCSq.L said its
third-quarter net income rose 30% year-on-year to 12.6 billion roubles ($163
million) and updated its full-year financial guidance. * WH SMITH: WH Smith SMWH.L said it has started to see encouraging signs
of recovery in North America, where it is opening stores and securing new
business. * NATIONAL GRID: National Grid Plc NG.L posted a 12% slide in half-year
underlying profit due to coronavirus-related costs and bad debts in the United
States, and maintained expectations of a 400 million pound hit this year from
the pandemic. * WILLIAM HILL: Private equity group Apollo Global Management APO.N said
it does not intend to make any offer to acquire British gambling firm William
Hill WMH.L , which in September agreed to be bought by U.S. casino operator
Caesars Entertainment CZR.O . * GVC: Ladbrokes and bwin owner GVC Holdings GVC.L said that it was
committed to relying on nationally regulated markets for all of its revenue by
2023 as new boss Shay Segev laid out his plans to transform the group and grow
its presence. * ROLLS ROYCE: Rolls-Royce RR.L said shareholders signed up for 94% of new
shares it issued as part of a 2 billion pound ($2.64 billion) rights issue aimed
at bolstering its pandemic-hit finances. * GOLD: Gold prices edged higher, after dropping over 1% in the previous
session, as concerns over the economic fallout from surging COVID-19 cases
outweighed positive vaccine news. * OIL: Oil prices rose in early trade, taking the week's gains to more than
12% on growing hopes that the world's major producers will hold off on a planned
supply increase as soaring cases of COVID-19 dent fuel demand. * The UK blue-chip index .FTSE closed 1.4% higher on Wednesday as optimism
about an effective COVID-19 vaccine offset concerns over surging coronavirus
cases and a deadlock in Brexit trade talks with the European Union. 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

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