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UPDATE 1-UK Stocks-Factors to watch on Sept 20

Published 20/09/2019, 07:47
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Sept 20
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(Adds news items, futures)

Sept 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 30

points lower at 7,327 on Friday, according to financial bookmakers, with futures

.FFIc1 down 0.6% ahead of cash market open.

* INVESTEC: Investment bank Investec Plc INVP.L on Friday warned that its

profit for the first-half of the year is expected to be lower than last year on

higher costs as it restructures its business and grapples with "challenging"

market conditions.

* THOMAS COOK: British travel firm Thomas Cook TCG.L on Friday said an

extra 200 million pounds ($251.48 million) had been requested by stakeholders in

talks to finalise the restructuring plan to save the company. * ROYAL BANK OF SCOTLAND: Royal Bank of Scotland RBS.L has appointed

Alison Rose as its new chief executive, becoming the first major British lender

to appoint a woman to its top job. * KELLER: Keller Group Plc KLR.L Chief Executive Officer Alain Michaelis

has decided to step down by the end of this month, the engineering contractor

said on Friday, while reaffirming its outlook for the year. * ROLLS-ROYCE: British engineer Rolls-Royce RR.L said on Friday it expects

problems with its Trent 1000 engines to take longer to fix, with a reduction in

the number of grounded aircraft to single-digit levels to be delayed until the

second-quarter of 2020. * SHELL: Pakistan has approved the construction of five liquefied natural

gas (LNG) terminals by groups that include Exxon Mobil Corp XOM.N and Royal

Dutch Shell RDSa.L , aiming to triple imports and ease the country's chronic

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gas shortage, Pakistan's oil minister said on Friday. * BAE Systems BAES.L has been awarded a $495 million U.S. defense contract

for receiver/processors and high band receivers in support of the ALR-56C

Digital Upgrade, the Pentagon said on Thursday. * OIL: Oil prices were on track for a more-than-7% jump this week, their

biggest in months, as early trading on Friday saw gains extended on fresh

tensions in the Middle East after a key Saudi Arabian supply hub was knocked out

in an attack last weekend. * GOLD: Gold prices edged higher on Friday and were set for their first

weekly gain in one month, supported by a softer dollar and caution about

developments in Sino-U.S. trade talks. * The UK blue chip index ended 0.6% higher on Thursday after the U.S.

Federal Reserve adopted a guarded stance on future interest rate cuts lifted

London's blue-chip index on Thursday, while clothing retailer Next wilted after

a disappointing start to autumn trading. 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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