UPDATE 1-UK Stocks-Factors to watch on Nov 5

Reuters11-05

(Adds new items, updates futures)

Nov 5 (Reuters) - Britain's FTSE 100 index is seen opening lower on Tuesday, with futures down 0.2%.

* VODAFONE: The $19 billion merger between Vodafone and Hutchison's Three UK is likely to be given the go ahead as investment commitments outweigh competition concerns, the British regulator said in a provisional ruling on Tuesday.

* ASSOCIATED BRITISH FOODS: Associated British Foods

reported a 32% rise in full-year profit, with a robust performance from its grocery division and a solid outcome from its Primark clothing business, partially offset by accelerating weakness in its sugar operations.

* ASOS: British online fashion retailer ASOS said that it expected its adjusted earnings to rise by at least 60% in its 2025 financial year after a turnaround plan focused on ditching discounting and improving its products gained traction.

* TP ICAP: British inter-dealer broker TP ICAP

reported a 10% increase in its third-quarter revenue, driven by strong performances in its global broking and liquidnet segments.

* SHEIN: Sales by Shein's Ireland-registered entity, Infinite Styles Ecommerce Co, grew 68% in 2023, hitting 7.684 billion euros ($8.37 billion), according to annual results published.

* CONSUMER SPENDING: British consumer spending grew only modestly last month as uncertainty in the run-up to finance minister Rachel Reeves' Oct. 30 budget and rising energy bills deterred shoppers, a survey showed.

* SHELL: Shell said it is moving non-essential personnel from its Appomattox, Vito, Ursa, Mars, Auger, and Enchilada/Salsa assets to shore due to a disturbance in the Gulf of Mexico.

* OIL: Oil prices traded in a narrow range ahead of what is expected to be an exceptionally close U.S. presidential election.

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

($1 = 0.9183 euros)

(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)

((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment