UPDATE 1-UK Stocks-Factors to watch on Dec. 3

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Dec. 3
Credit: © Reuters.

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Dec 3 - Britain's futures were down 0.02% ahead of cash markets open on Tuesday.

* FERGUSON: Plumbing parts distributor Ferguson Plc FERG.L reported a 9% rise in first-quarter profit, boosted by a rise in residential housing activity in the United States. INMARSAT: Hedge fund investors in Inmarsat ISA.L said they would not object to the satellite company's takeover by a private equity-led consortium at a court hearing after the buyers said on Monday they would not increase or extend their offer. CINEWORLD: UK-based international cinema chain Cineworld Group Plc CINE.L warned that revenue for the full year is expected to be slightly below the company's expectations due to weaker box office demand. CENTAMIN: Canada's Endeavour Mining Corp EDV.TO said it plans to take its 1.47 billion pound ($1.89 billion) buyout offer for Centamin Plc CEY.L directly to shareholders, after the British gold miner refused to discuss the bid. GOLD: Gold prices were trading in a narrow range as investors stayed on the sidelines, even as U.S. President Donald Trump's move to slap tariffs on Brazil and Argentina stoked fresh global trade tensions. OIL: Oil prices rose as OPEC and its allies discuss whether to deepen a supply cut pact ahead of meetings this week, although prospects after Saudi Arabia's planned listing of Aramco fuelled uncertainty for traders, limiting gains. The UK blue chip index closed down 0.8% on Monday as a combination of U.S. President Donald Trump setting off global trade worries and disappointing data from the world's biggest economy doused the morning's cheer. For more on the factors affecting European stocks, please click on: LIVE/

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