Fannie Mae, Freddie Mac shares tumble after conservatorship comments
(Adds company news items and futures)
Oct 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 12
points at 7,143 on Monday, according to financial bookmakers with futures down
0.01% ahead of cash markets open.
*TESCO: Tesco's TSCO.L financial arm confirmed on Monday that it has
appointed John Kingman, the businessman who oversaw Britain's bailout of its
banks in the financial crisis, to its board as a non-executive
director. *SIG: The building materials supplier SHI.L said on Monday it expects
significantly lower annual profit in its specialist distribution and roofing
merchanting businesses as it battles further deterioration in construction
activity in key markets. *DE LA RUE: The banknote and passport printer DLAR.L said on Monday named
Clive Vacher as chief executive officer to replace Martin Sutherland, whose
departure was announced in May after the company warned of a profit downturn for
the year. *OIL: Oil prices fell on Monday, extending last week's heavy losses, with
traders fearing the global economic slowdown will weigh on future oil demand
growth while pegging hopes for a rebound on progress in talks this week on
ending the U.S.-China trade war.
*GOLD: Gold prices edged higher on Monday as investors were cautious ahead
of this week's Sino-U.S. trade talks following a report that Beijing would
likely disagree to a broad trade deal with the United States. *The UK blue-chip index rose 1.1% on Friday after encouraging U.S. job data
calmed investors' nerves but the bourse still posted its worst week since that
of Oct. 12 last year. For more on the factors affecting European stocks, please click on:
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