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UPDATE 1-UK Stocks-Factors to watch on Nov 10

Published 11/10/2020, 03:51 PM
Updated 11/10/2020, 04:00 PM
© Reuters.
UK100
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PFD
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CPI
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PSN
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LAND
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MGGT
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DLGD
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(Adds company news items, futures)
Nov 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 42
points lower at 6,144 on Tuesday, according to financial bookmakers, with
futures down 0.1% ahead of cash market open.

* DIRECT LINE: Motor insurer Direct Line DLGD.L posted lower premiums due
to weak car sales in the face of COVID-19 crisis. * CAPITA: Outsourcer Capita CPI.L said it lost nearly a 100 million pounds
in third-quarter revenue as the COVID-19 pandemic hit its businesses.
* LAND SECURITIES: Property developer Land Securities Group LAND.L posted
a bigger first-half pretax loss as rent payments were hit by a raft of store
closures and fall in consumer demand due to COVID-19 restrictions. * PERSIMMON: Homebuilder Persimmon Plc PSN.L declared another interim
dividend of 70 pence per share and said it was fully sold up for the current
year. * PREMIER FOODS: Premier Foods PFD.L raised its full-year trading profit
outlook and said it expects higher demand for its brands due to the recent
government restrictions on eating out. * MEGGITT: Aero-parts engineer Meggitt MGGT.L said it expected to make
underlying operating profit of between 180 million pounds and 200 million pounds
for 2020. * JOBS: Britain's unemployment rate rose in the three months to September to
4.8%, as expected, and redundancies hit their highest level on record, official
data showed. * GOLD: Gold rose 1%, as focus returned to the likelihood of more monetary
stimulus to revive a global economy still reeling from the COVID-19 pandemic.
* OIL: Oil prices dropped as concerns over fuel demand in the near term in
coronavirus-hit Europe and the United States returned to haunt the market after
an overnight surge on progress towards a COVID-19 vaccine. * The UK blue-chip index .FTSE closed 4.7% higher on Monday as signs of
progress in developing a COVID-19 vaccine bolstered hopes of a swift economic
recovery. 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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