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 - Britain's FTSE 100 .FTSE index is seen opening 29 points lower at 5,748 on Thursday, according to financial bookmakers, with futures down 0.22% ahead of cash market open.

* RELX: European information business Relx Plc REL.L said annual revenue could fall as much as 210 million pounds short of costs in its exhibitions business, as it suffered from coronavirus-driven halts in major events this year. RENTOKIL INITIAL: Rentokil Initial RTO.L reported a 9.8% rise in third-quarter revenue, as a higher focus on hygiene standards due to the COVID-19 pandemic boosted demand for its disinfection services. UNILEVER: Unilever ULVR.L , UNA.AS reported a stronger-than-expected return to sales growth in the third quarter led by emerging markets where it generates the bulk of its revenue. IAG: British Airways-owner IAG ICAG.L reported a 1.3 billion euro loss in the third quarter as coronavirus restrictions continue to depress travel, forcing it to further downgrade its capacity outlook for the rest of the year. Anglo American Plc AAL.L maintained most of its production targets, as it posted a year-on-year fall in third-quarter output reflecting maintenance at its Minas-Rio iron ore mine in Brazil and the suspension of its Grosvenor metallurgical coal operations in Australia. GOLD: Gold slipped from a more than one-week high hit in the last session, as the dollar recovered some lost ground after doubts emerged whether an agreement on a new U.S. fiscal coronavirus aid package could be reached before the election. OIL: Oil prices dropped in early trade, adding to heavy losses overnight, after a build in U.S. gasoline inventories pointed to a deteriorating outlook for fuel demand as coronavirus cases soar in North America and Europe. The UK blue-chip index .FTSE closed 1.9% lower on Wednesday as the pound jumped on hopes Brexit talks were set to resume, while investors remained concerned over prospects of more coronavirus restrictions in England. For more on the factors affecting European stocks, please click on: LIVE/


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