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UPDATE 2-UK Stocks-Factors to watch on Oct. 11

Published 10/11/2019, 03:02 PM
UPDATE 2-UK Stocks-Factors to watch on Oct. 11

(Adds company news items and updates)
Oct 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 24
points at 7,163 on Friday, according to financial bookmakers, with futures down
0.54% ahead of cash markets open.
*QUIZ: Fast fashion chain QUIZ.L reported a 5% drop in half-year revenue
on Friday, blaming challenging conditions on the British high street which has
been hobbled by declining shopping traffic. *MAN GROUP: The British hedge fund manager EMG.L said assets were hit by
net outflows of client cash and adverse currency moves in the third quarter and
an uncertain outlook could weigh on sentiment into year-end. *EI GROUP: The UK's Competition and Markets Authority said it was looking
into Slug and Lettuce pub chain owner Stonegate's deal to buy larger rival Ei
Group EIGE.L to become Britain's biggest pub operator. *DART GROUP: Dart Group DTG.L , the owner of British airline and tour
operator Jet2, said it had seen stronger demand for some of its products since
Thomas Cook entered into compulsory liquidation last month, and expects
full-year pretax profit to exceed market expectations. *ENTERTAINMENT ONE: Canada-based independent entertainment company ETO.L
on Friday posted a near seven-fold wider first-quarter loss, hit by lower sales
in its film, television & music segments. *TP ICAP: Britain's Financial Conduct Authority said it had fined a unit of
TP ICAP TCAPI.L 15.4 million pounds in relation to an investigation over some
trades in 2008-2011, after the watchdog found some former managers failed to act
with "due skill, care and diligence". *JUPITER FUND MANAGEMENT: Jupiter Fund Management JUP.L saw net outflows of
1.3 billion pounds ($1.62 billion) in the third quarter, mainly from its
European growth strategy, it said on Friday, as star fund manager Alexander
Darwall prepares to leave the company. *OIL: Oil prices climbed early on Friday, building on gains in the previous
session, after producer club OPEC hinted at making deeper cuts in supply while
optimism was revived over talks between the United States and China to end their
trade war. *GOLD: Gold prices steadied on Friday, settling into a narrow range as
investors awaited more clarity on global uncertainties including trade and
Brexit, helping the metal shake off initial declines driven by hopes for a
breakthrough in the U.S.-China talks.
* The UK blue-chip index closed up 0.3% after flipping back and forth during
the day on mixed signals over the state of affairs between Beijing and
Washington. For more on the factors affecting European stocks, please click on:
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TODAY'S UK PAPERS
> Financial Times PRESS/FT
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