UPDATE 1-UK Stocks-Factors to watch on Oct 15

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Oct 15
Credit: © Reuters.

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Oct 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 7 points at 7,220 on Tuesday, according to financial bookmakers with futures 0.31% higher ahead of cash markets open.

*NATIONAL GRID: British energy market regulator Ofgem said it would grant National Grid Plc NG.L 637 million pounds ($803.38 million) to build the transmission link for the Hinkley Point C nuclear plant, lower than the company's initial request for 717 million pounds. British money manager SDR.L said on Tuesday that assets under management at the end of September were 450.8 billion pounds ($569.23 billion), up from 407.2 billion pounds at the start of the year. TOWERS: African mobile networks operator Helios Towers has priced its initial public offering at 115 pence per share, giving it a market capitalisation of 1.15 billion pounds ($1.45 billion). The British engineering group RSW.L said on Tuesday its first-quarter profit plummeted 85%, dented by a slump in demand for its precision measurement equipment and ongoing global trade disputes. British pub operator MARS.L said on Tuesday it expects full-year pretax profit to be lower, hurt by lower food sales at its 'Destination' and 'Premium' pubs and higher labour costs. WOODFORD: Embattled money manager Neil Woodford's suspended LF Woodford Equity Income Fund is to be wound up, the fund's administrator Link Fund Solutions (LFS) said on Tuesday. The recruiter HAYS.L reported no growth in its first-quarter net fees on Tuesday, hurt by a slowdown in Germany's manufacturing sector and as Brexit uncertainty dented hiring in the United Kingdom. The British housebuilder BWY.L reported higher annual pretax profit on Tuesday, buttressed by strong demand for its affordable homes, the government's help-to-buy scheme and low interest rates in a tough real estate market. Indivior PLC INDV.L on Tuesday raised its full-year revenue forecast, banking on the strength of its opioid-addiction treatment Suboxone. Gold prices held steady below the $1,500 per ounce level on Tuesday as markets braced for talks between Britain and the European Union that will determine how smooth Britain's departure will be from the trading bloc. Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China trade deal announced by President Trump late last week. The UK blue-chip index .FTSE closed down 0.5% as London-listed companies with exposure to the domestic economy retreated on Monday as last week's euphoric optimism gave way to doubts over whether a timely Brexit deal could be clinched, while cybersecurity firm Sophos surged 36% after a buyout offer. For more on the factors affecting European stocks, please click on: LIVE/

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