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UPDATE 1-UK Stocks-Factors to watch on Sept 17

Published 09/17/2019, 02:54 PM
Updated 09/17/2019, 03:00 PM
UPDATE 1-UK Stocks-Factors to watch on Sept 17
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(Adds news items, futures)
Sept 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 7
points higher at 7,328 on Tuesday, according to financial bookmakers, with
futures .FFIc1 down 0.5% ahead of cash market open.

* OCADO: British online supermarket and technology company Ocado OCDO.L
reported an acceleration in retail sales growth in its latest quarter, helped by
additional capacity from its fourth automated warehouse.
* STAFFLINE: Recruitment company Staffline Group Plc STAF.L reported a
loss for the first half on Tuesday and said Brexit had become the source of
unprecedented uncertainty for its end customers, increasingly weighing on
consumer confidence. * FRENCH CONNECTION: British clothing retailer French Connection FCCN.L
said on Tuesday it expects its sale process to be concluded by the end of the
year, and reported a smaller first-half operating loss on growth in its
wholesale business in the United States. * WOODFORD, CIRCASSIA PHARMACEUTICALS: British asset manager Woodford
Investment Management Ltd disclosed a less than 5% stake in Circassia
Pharmaceuticals Plc CIRCI.L as of Sept. 13, a filing showed on Monday.
* BURBERRY: Italian designer Riccardo Tisci looked to Burberry's Victorian
roots for the luxury British brand's latest line at London Fashion Week on
Monday, mixing delicate lace with edgy street style for looks aimed at catering
to different age groups.
* OIL: Oil fell more than 1% on Tuesday as the market hung on tenterhooks
over the threat of a military response to attacks on Saudi Arabian crude oil
facilities that cut the kingdom's output in half and sent prices soaring by the
most in decades. * GOLD: Gold traded steady on Tuesday as most traders stayed on the
sidelines ahead of a widely expected rate cut by the U.S. Federal Reserve later
this week. * The UK blue chip index slipped 0.6% on Monday as non-oil stocks took a hit
from mounting geopolitical risks and growth concerns after crude prices rose due
to the attacks on Saudi Arabian production facilities. 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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