UK Stocks-Factors to watch on Oct 19

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Oct 19
Credit: © Reuters.

Oct 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 14 points lower at 5,906 on Monday, according to financial bookmakers.

* G4S (CSE: G4S ): British security company G4S GFS.L on Sunday recommended its investors reject the hostile takeover offer sent to shareholders by Canadian rival GardaWorld the previous day. Boohoo Group Plc BOOH.L said on Friday a process has begun to appoint a new auditor at the British fashion retailer. RSA: British insurance group RSA's RSA.L chairman Martin Scicluna is expected to step down next year, Sky News reported on Sunday, citing sources. GOLD: A firmer dollar held back gold near the $1,900 per ounce psychological level on Monday even as U.S. House Speaker Nancy Pelosi raised hopes for a coronavirus relief package before the presidential election. OIL: Oil prices fell on Monday after reports that China's third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world's largest oil importer. The UK blue-chip index .FTSE closed 1.5% higher on Friday after an upbeat coronavirus vaccine update from Pfizer (NYSE: PFE ) and signs that Brexit talks might continue until the year end for a possible trade deal with the European Union. For more on the factors affecting European stocks, please click on: LIVE/

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