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UPDATE 1-UK Stocks-Factors to watch on Oct 7

Published 10/07/2020, 02:55 PM
Updated 10/07/2020, 03:00 PM
© Reuters.

(Adds company news items, futures)
Oct 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points
lower at 5,934 on Wednesday, according to financial bookmakers, with futures
down 0.03% ahead of cash market open.
* TESCO: Tesco TSCO.L , Britain's biggest retailer by sales, reported a
15.6% fall in core profit, with a jump in sales due to the COVID-19 pandemic
more than outweighed by higher costs and losses at Tesco Bank. * Tour operator TUI TUIT.L named Sebastian Ebel as its new finance chief,
replacing Birgit Conix, as part of a management board reshuffle. * G4S: British private security company G4S GFS.L once again rejected
smaller Canadian rival GardaWorld's offer and dismissed claims made by the
hostile bidders in a pitch to shareholders as misleading. OIL: Oil prices fell after U.S. President Donald Trump dashed hopes for a
fourth stimulus package to boost the coronavirus-hit economy and on a
larger-than-expected increase in U.S. crude inventories. * GOLD: Gold prices edged up, after hitting a one-week low in early trade,
lifted by renewed fears over economic recovery and uncertainty around the U.S.
presidential election after Trump's COVID-19 diagnosis. * The UK blue-chip index .FTSE ended flat on Tuesday as a stronger pound
pressured the export-heavy index. 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

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