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UPDATE 1-UK Stocks-Factors to watch on Nov 28

Published 28/11/2019, 08:51
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Nov 28
UK100
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HSBA
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NWG
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DANSKE
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VOD
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JMAT
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GOG
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SVT
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NG
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LAND
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UK100
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OCDO
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ICAG
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JD
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IMM
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VMUK
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(Adds futures, news items)

Nov 28 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 23

points lower at 7,407 on Thursday, according to financial bookmakers, with

futures FFIc1 down 0.2% ahead of the cash market open.

* OCADO: British online grocer Ocado OCDO.L plans to open its first mini

robotic warehouse, which it calls a customer fulfilment centre (CFC), in

Bristol, western England, it said. * IMMUPHARMA: British pharmaceutical firm ImmuPharma IMM.L said it had

signed a licensing and development agreement for Lupuzor, a first-in-class

treatment for auto-immune disease Lupus, with U.S. company Avion

Pharmaceuticals. * DANSKE BANK: Danske Bank DANSKE.CO has hired Frans Woelders from Royal

Bank of Scotland RBS.L as its new chief operating officer and member of the

executive management team, the bank said. * GO-AHEAD: Transport company Go-Ahead Group Plc GOG.L slightly lowered

its expectations for its regional bus division's annual financial performance,

as it works to integrate a new Manchester bus company and faces cost pressures.

* VIRGIN MONEY UK: Virgin Money UK Plc VMUK.L reported a 7% fall in

full-year underlying profit and suspended its dividend for the year, as the

lender set aside more money to settle the PPI mis-selling scandal in Britain.

* UK HOUSE PRICES: British house prices rose more than expected in November,

according to figures from mortgage lender Nationwide, suggesting next month's

national election was not putting further pressure on the market which remains

sluggish. * HSBC: HSBC HSBA.L aims to shift $20 billion worth of assets to a new

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

blockchain-based custody platform by March, in one of the biggest deployments

yet of the widely-hyped but still unproven technology by a global bank.

* BREXIT: Britain's Dec. 12 election could well result in another parliament

where no party commands a majority, Prime Minister Boris Johnson's top advisor

Dominic Cummings said on Wednesday. * BREXIT: Prime Minister Boris Johnson's lead over the opposition Labour

Party has fallen to seven points ahead of the Dec. 12 election, according to a

Savanta ComRes poll for the Daily Telegraph newspaper on Wednesday. * UK AUTOMOTIVE OUTPUT: British automotive output dropped by an annual 4% in

October, the 16th month out of the last 17 to record a fall, as demand from both

domestic and overseas buyers decreased, according to a trade body. * UK BUSINESS SERVICES: Profits at British professional and business

services firms dropped by the most since 2011 for a second quarter running and

businesses are cutting back on investment, the Confederation of British Industry

said. * OIL: Oil prices fell, extending losses from the previous session after

official data showed U.S. crude and gasoline stocks rose against expectations

and production hit a record. * GOLD: Gold rose as investors bought the safe-haven metal amid new doubts

about whether the United States and China will sign a trade deal after President

Donald Trump signed legislation supporting protesters in Hong Kong, irking

Beijing. * EX-DIVS: International Consolidated Airlines ICAG.L , JD Sports Fashion

JD.L , Johnson Matthey JMAT.L , Land Securities LAND.L , National Grid

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

NG.L , Severn Trent SVT.L and Vodafone Group VOD.L will trade without

entitlement to their latest dividend pay-out on Thursday, trimming 8 points off

the FTSE 100 according to Reuters calculations * The UK blue-chip index hit a near four-month high on Wednesday as recent

risk-on sentiment was bolstered after U.S. President Donald Trump said

Washington and Beijing were close to a "phase one" trade deal, while an

impressive forecast lifted BAT shares. TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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