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UPDATE 1-UK Stocks-Factors to watch on Dec. 2

Published 02/12/2019, 08:47
Updated 02/12/2019, 08:55
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Dec. 2
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(Adds company news items and futures.)

Dec 2 - Britain's FTSE 100 .FTSE index is seen opening up 32 points higher

at 7,378 on Monday, according to financial bookmakers, with futures .FFIc1

flat ahead of the cash market open.

* JUST EAT: Investors in Just Eat JE.L should back the all-share merger

with Takeaway.com TKWY.AS unless rival bidder Prosus lifts its offer for the

food delivery platform to 925 pence per share, one of its biggest shareholders

said on Monday. * TED BAKER: British fashion retailer Ted Baker TED.L said on Monday it

may have overstated inventory worth about 20 million pounds to 25 million

pounds. * OCADO: British online grocer and technology company Ocado OCDO.L has

launched a 500 million pounds ($642 million) bond issue, partly to finance

capital expenditure related to its international partnership deals, it said on

Monday. * GOLD: Gold prices fell on Monday as investors turned to riskier assets on

signs of economic growth following reports of an expanding Chinese factory

sector and a rising dollar reduced demand. * OIL: Oil prices rose more than 1% on Monday as signs of rising

manufacturing activity in China pointed to increasing fuel demand, and hints

that OPEC may deepen output cuts at its meeting this week indicated supply may

tighten next year. * The UK blue chip index closed down 0.9% after a poll showed the

Conservative Party's lead over the opposition Labour Party had narrowed ahead of

Britain's Dec. 12 election. 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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