NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

UPDATE 1-UK Stocks-Factors to watch on Sept. 12

Published 12/09/2019, 07:57
Updated 12/09/2019, 08:00
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Sept. 12
UK100
-
BATS
-
HSBA
-
MRW
-
LSEG
-
MRON
-
0388
-

(Adds news items, futures)

Sept 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 37

points at 7,375 on Thursday, according to financial bookmakers, with futures up

0.4% ahead of cash market open.

* LONDON STOCK EXCHANGE: Hong Kong Exchanges and Clearing Ltd (HKEX)

0388.HK unveiled a $39-billion takeover approach to the London Stock Exchange

Plc (LSE) LSE.L on Wednesday that received a cool response from investors

concerned about its regulatory and financial hurdles. * CO-OP GROUP: Britain's Co-Operative Group 42TE.L , the mutually-owned

supermarkets-to-funerals group, reported a lower first-half profit, as weakness

in its funeral unit offset a strong performance in its food business.

* MORRISONS: Morrisons MRW.L , Britain's No. 4 grocer, reported its first

fall in quarterly underlying sales since 2016, partly reflecting a tough

comparison with last year when it was boosted by a hot summer. * BAT: British American Tobacco Plc BATS.L said it would lay off 2,300

employees globally by January as the world's second largest tobacco company by

sales looks to streamline its operations.

* HSBC: HSBC HSBA.L is planning to exit its French retail banking business

under interim chief executive Noel Quinn, the Wall Street Journal reported on

Wednesday, citing people familiar with the matter. * OIL: Oil prices jumped, bouncing back from heavy losses in the previous

session, buoyed by moves to ease trade tensions between Washington and Beijing

and a drop in U.S. crude inventories to the lowest in nearly a year. O/R

* GOLD: Gold prices fell as equities gained on improving risk sentiment

buoyed by signs of gradual de-escalation in U.S.-China trade tensions, while

investors eyed European Central Bank's meeting for cues on monetary policy

easing.

* EX-DIVS: Melrose Industries PLC MRON.L will trade without entitlement to

its latest dividend pay-out, trimming 0.3 points off the FTSE 100 according to

Reuters calculations.

* The UK blue chip index on Wednesday closed up 1% at 7338.03 points on

signs of less tension in the U.S.-China trade fight and prospects of more

stimulus from central banks, while shares in London Stock Exchange scaled a

record high after Hong Kong Exchanges and Clearing's offer. 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

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.