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UPDATE 1-UK Stocks-Factors to watch on Oct. 24

Published 24/10/2019, 07:51
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Oct. 24
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(Adds company news items and futures)

Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 8 points

lower at 7,253

on Thursday, according to financial bookmakers, with FFIc1 down 0.07% ahead of

cash market open.

* ASTRAZENECA: AstraZeneca Plc AZN.L raised its annual product sales

forecast for the second time this year, as it profited from strong demand for

new cancer treatments Tagrisso and Lynparza as well as 40% growth in China.

* SSE: The UK Competition and Markets Authority (CMA) said it was looking

into whether OVO Energy's 500 million pound ($646.00 million) deal to buy power

company SSE Plc's SSE.L retail arm will lessen competition in the United

Kingdom. * Coca-Cola European Partners CCEPC.L said it had a slower-than-expected

start to its fourth quarter due to weakening demand in France and Britain as

well as unfavourable weather in October in most markets. * WOODFORD PATIENT CAPITAL TRUST: The board of Woodford Patient Capital

Trust Plc WPCT.L said it has appointed asset manager Schroders SDR.L as its

new portfolio manager, following Neil Woodford's abrupt exit last week.

* ROYAL BANK OF SCOTLAND: Royal Bank of Scotland RBS.L said it had swung

to a third-quarter loss, after making a fresh 900 million pound ($1.16 billion)

provision to settle mis-selling claims in Britain's biggest consumer banking

scandal. * GOLD: Gold held ground above $1,490 per ounce as investors awaited clarity

on Brexit after the European Union delayed a decision on granting an extension

to Britain, and the U.S. central bank policy meeting for clues on the interest

rate trajectory. * OIL: Oil prices dipped after sharp gains in the previous session following

a surprise draw in U.S. crude inventories, with concerns over a weak demand

outlook adding to downward pressure. * EX-DIVS: Ferguson FERG.L , ITV ITV.L will trade without entitlement to

its latest dividend pay-out on Thursday, trimming 1.4 points off the FTSE 100

according to Reuters calculations.

* The UK blue chip index closed 0.7% higher on Wednesday as oil majors

tracked gains in crude prices and miners .FTNMX1770 benefited from a rise in

nickel and copper prices. * 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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