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UPDATE 1-UK Stocks-Factors to watch on Oct 16

Published 16/10/2019, 07:53
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Oct 16
BTRW
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MCG
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ASOS
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FTMC
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STBS
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(Adds company news items and updated futures)

Oct 16 (Reuters) - Britain's futures were down 0.30% ahead of cash markets

open.

*SECURE TRUST BANK: Secure Trust Bank Plc STBS.L said on Wednesday demand

for loans had slowed in September as consumers and businesses were more cautious

ahead of the planned Oct. 31 deadline for Brexit. *LF WOODFORD INCOME FOCUS FUND: The administrator of the LF Woodford Income

Focus Fund said it would make a decision on its future on Wednesday, a day after

embattled investor Neil Woodford resigned as its manager and called time on his

30-year career in funds. BARRATT DEVELOPMENTS: Barratt Developments Plc BDEV.L , Britain's biggest

housebuilder, on Wednesday said sales fell in the beginning of the year even as

it delivered more homes, as a focus on better quality in a tough market dented

margins. *ASOS: The British online fashion retailer ASOS.L reported a 68% slump in

full year profit, hurt by problems in ramping-up warehouses in the United States

and Germany. *NATIONAL EXPRESS: The British transport firm NEX.L said on Wednesday it

won a 15-year bus contract in Casablanca through its unit ALSA, which is

expected to fetch more than 1 billion euros ($1.11 billion) in revenue over its

term. *GOLD: Gold prices edged higher on Wednesday after shedding nearly 1% in the

previous session, as it remained unclear if Britain could avoid postponing its

departure from the EU beyond Oct. 31. *OIL: Oil prices rose on Wednesday, tracking gains in equities, as investors

pinned hopes on a potential Brexit deal between Britain and the European Union

and on signals from OPEC and its allies that further supply curbs could be

possible. * The FTSE 250 .FTMC of UK mid-cap stocks closed up 1.3% after Bloomberg

said British and EU negotiators were closing in on a draft Brexit deal.

* For more on the factors affecting European stocks, please click on:

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TODAY'S UK PAPERS

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