Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

UPDATE 1-UK Stocks Factors to watch on Nov 11

Published 11/11/2020, 03:52 PM
Updated 11/11/2020, 04:00 PM
© Reuters.

(Adds company news items, futures)
Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 6 points
higher at 6,603 on Wednesday, according to financial bookmakers, with futures UP
0.11% ahead of cash market open.

* BAE SYSTEMS: BAE Systems BAES.L slightly raised its profit forecast,
saying demand for its capabilities remained high and orders for military kit
this year, including Germany's plan to purchase new Typhoon jets, had exceeded
expectations. * COCA COLA HBC: Coca Cola HBC AG CCH.L beat analysts' estimate for
third-quarter revenue, helped by a rebound in demand from fast-food chains,
pubs, theatres and other public spaces during summer as COVID-19 restrictions
were relaxed. * JD WETHERSPOON: J D Wetherspoon JDW.L posted lower sales for the first
quarter of its new financial year, hit by coronavirus restrictions, including
changes in the tier categories, a 10pm curfew and a requirement to order all
food and drink at the table. * GREAT PORTLAND: Property developer Great Portland Estates GPOR.L
reported an 18% plunge in the valuation of its retail portfolio due to the
coronavirus restrictions, with office take-up in central London dropping to a
record low. * WORKSPACE: Workspace Group WKP.L swung to a first-half loss and pushed
back a decision on full-year dividend as the office space provider struggled
with a rise in customers vacating and downsizing due to the coronavirus
crisis. * INFORMA: Britain's Informa Plc INF.L said it could become cash positive
by January after completing its debt restructuring and refinancing, coupled with
its cost cutting programme, as the group struggles with the coronavirus hit to
the events industry. * GOLD: Gold prices edged higher, supported by a softer dollar, while
concerns about surging COVID-19 cases in the United States and logistical
challenges over the mass roll-out of a potential vaccine further bolstered the
metal's appeal. * OIL: Oil prices climbed over 1%, after an industry report showed U.S.
crude inventories have fallen more than expected. * The UK blue-chip index .FTSE closed 1.8% higher on Tuesday as prospect
of an effective COVID-19 vaccine and optimism about a Brexit trade deal with
European Union electrified the mood. 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

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.