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UPDATE 1-UK Stocks-Factors to watch on Sept 11

Published 09/11/2019, 02:59 PM
Updated 09/11/2019, 03:00 PM
UPDATE 1-UK Stocks-Factors to watch on Sept 11
UK100
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EMG
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MTO
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GFRD
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UK100
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(Adds news items)
Sept 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 25
points at 7,293 on Wednesday, according to financial bookmakers, with futures
FFIc1 trading up 0.4%.

* GALLIFORD TRY: British builder Galliford Try Plc GFRD.L reported a 27%
drop in annual pretax profit, hurt by lower new orders and contract write-downs
in its construction business amid a slowing UK housing market. * MITIE GROUP PLC: British outsourcing firm Mitie Group Plc MTO.L said
Chief Financial Officer Paul Woolf had resigned to join intellectual property
management company CPA Global as its finance boss. * MAN GROUP: British hedge fund manager Man Group's EMG.L president
Jonathan Sorrell will stand down with immediate effect, the company said.
* OIL: Oil prices traded higher after an industry report said U.S. crude
stockpiles fell last week by more than twice the amount that analysts in a
Reuters poll had forecast. * GOLD: Gold prices edged up, but hovered near a four-week low hit in the
previous session as risk appetite improved amid hopes of an interest rate cut by
the European Central Bank and fiscal stimulus measures from Germany, Europe's
largest economy.
* The UK blue chip index closed up 0.4% at 7267.95 points on Tuesday as
hopes of imminent interest rate cuts from major central banks buoyed sentiment,
while JD Sports jumped to an all-time high on upbeat results. * 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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