UPDATE 1-UK Stocks-Factors to watch on Oct. 22

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Oct. 22
Credit: © Reuters.

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Oct 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points higher at 7,168 on Tuesday, according to financial bookmakers, with futures down 0.03% ahead of cash markets open.

* WHITBREAD: Hotel chain owner Whitbread Plc WTB.L reported a lower first-half pretax profit on Tuesday, as the uncertainty surrounding Brexit kept companies from spending on business travel in the United Kingdom. RECKITT BENCKISER: British household goods maker Reckitt Benckiser RB.L has cut its full-year sales forecast for the second time this year, blaming a drop in retail orders for Mucinex in the United States and a drop in demand for its Enfamil baby products in China. PENDRAGON: Car dealer Pendragon PDG.L reported a fall in third-quarter revenue on Tuesday and said it expects weak consumer confidence in Britain to continue as the nation figures out how and when it will leave the European Union. ANGLO AMERICAN: Miner Anglo American AAL.L said on Tuesday it was on track to meet annual output targets after production rose 4% in the third quarter, driven by a ramp up at its Minas-Rio mine in Brazil and rise in coking coal production. TRAVIS PERKINS: Travis Perkins Plc TPK.L , Britain's largest distributor of building materials, on Tuesday halted plans to sell its plumbing and heating division, citing "unprecedented level" of market uncertainty. GOLD: Gold was largely muted on Tuesday, weighed down by buoyant Asian shares that cheered progress in trade talks between the United States and China, but found support from a lack of clarity in the negotiation details. OIL: Oil prices were little changed on Tuesday as lingering worries over a global economic slowdown that could hurt oil demand offset some signs of progress in U.S.-China trade talks. The UK blue chip index closed 0.2% higher on Monday. For more on the factors affecting European stocks, please click on: LIVE/


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