UK Stocks-Factors to watch on Nov 28

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Nov 28
Credit: © Reuters.

Nov 28 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 23 points lower at 7,407 on Thursday, according to financial bookmakers.

* HSBC: HSBC HSBA.L aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely-hyped but still unproven technology by a global bank. BREXIT: Britain's Dec. 12 election could well result in another parliament where no party commands a majority, Prime Minister Boris Johnson's top advisor Dominic Cummings said on Wednesday. BREXIT: Prime Minister Boris Johnson's lead over the opposition Labour Party has fallen to seven points ahead of the Dec. 12 election, according to a Savanta ComRes poll for the Daily Telegraph newspaper on Wednesday. UK AUTOMOTIVE OUTPUT: British automotive output dropped by an annual 4% in October, the 16th month out of the last 17 to record a fall, as demand from both domestic and overseas buyers decreased, according to a trade body. UK BUSINESS SERVICES: Profits at British professional and business services firms dropped by the most since 2011 for a second quarter running and businesses are cutting back on investment, the Confederation of British Industry said. OIL: Oil prices fell, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations and production hit a record. GOLD: Gold rose as investors bought the safe-haven metal amid new doubts about whether the United States and China will sign a trade deal after President Donald Trump signed legislation supporting protesters in Hong Kong, irking Beijing. EX-DIVS: International Consolidated Airlines ICAG.L , JD Sports Fashion JD.L , Johnson Matthey JMAT.L , Land Securities LAND.L , National Grid NG.L , Severn Trent SVT.L and Vodafone Group VOD.L will trade without entitlement to their latest dividend pay-out on Thursday, trimming 8 points off the FTSE 100 according to Reuters calculations The UK blue-chip index hit a near four-month high on Wednesday as recent risk-on sentiment was bolstered after U.S. President Donald Trump said Washington and Beijing were close to a "phase one" trade deal, while an impressive forecast lifted BAT (LON: BATS ) shares. UK CORPORATE DIARY: Sabien Technology Group

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