Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

UPDATE 1-UK Stocks-Factors to watch on Nov 3

Published 03/11/2020, 08:34
Updated 03/11/2020, 08:36
© Reuters.
UK100
-
ABF
-
OCDO
-
SNR
-
CRST
-
WIZZ
-
AMGO
-

(Adds company news items, futures)
Nov 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 50 points
higher at 5,705 on Tuesday, according to financial bookmakers, with futures up
0.79% ahead of cash market open.

* ASSOCIATED BRITISH FOODS: Associated British Foods ABF.L reported a 40%
fall in full-year earnings, with a COVID-19-related hit to profit at its Primark
clothing business outweighing increases at its sugar, grocery, agriculture and
ingredients divisions. * WIZZ AIR: Wizz Air WIZZ.L said passenger numbers were 69% lower this
October compared to last October, as the pandemic continues to crush demand for
flying. * CREST: British homebuilder Crest Nicholson CRST.L forecast annual
earnings ahead of market expectations and reinstated dividend due to strong
recovery in the housing market, but warned of fresh challenges in the face of
the new coronavirus lockdown. * AMIGO: Amigo AMGO.L said it has dropped plans to resume new lending
until 2021, and would instead focus on loan collections and clearing a backlog
of customer complaints as the pandemic continued to cast a pall over its
business. * SENIOR: Senior Plc SNR.L said its revenue was unlikely to recover before
2022 as the British aerospace supplier grapples with setbacks to jet production
and global travel demand during the COVID-19 pandemic. * GOLD: Gold prices edged down, as cautious investors awaited the outcome of
the U.S. presidential election with President Donald Trump closely trailing
Democrat Joe Biden in national opinion polls. * OIL: Oil prices slipped as worries about soaring COVID-19 cases, rapidly
rising Libyan supply and U.S election jitters outweighed growing hopes that
major producers would hold back on planned production increases. * The UK blue-chip index .FTSE closed 1.4% higher on Monday, as Ocado
OCDO.L led gains after raising its full year earnings outlook, while mid-caps
fell, as England faced the prospect of entering a nearly one-month lockdown
later in the week. 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

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

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.