UPDATE 1-UK Stocks-Factors to watch on Wednesday Oct 28

  • Reuters
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UPDATE 1-UK Stocks-Factors to watch on Wednesday Oct 28
Credit: © Reuters.

(Adds futures, company news)

LONDON Oct 28 (Reuters) - Britain's FTSE 100 .FTSE index was set to open roughly steady on Wednesday, with futures FFIc1 down 0.1 percent ahead of the cash market open.

* The UK blue chip index closed 0.8 percent lower on Tuesday at 6,365.27 points.

* LLOYDS BANKING GROUP LLOY.L - Lloyds Banking Group has taken another 500 million pounds ($765 million) charge to compensate customers mis-sold loan insurance, taking its total bill to 13.9 billion pounds, more than double any other bank.

* BARCLAYS BARC.L - Barclays Plc has appointed James 'Jes' Staley as its new chief executive and said the former JPMorgan (N: JPM ) investment bank boss will take the helm of the British bank at the start of December.

* SABMILLER SAB.L - Brewer SABMiller Plc has extended the deadline for rival Anheuser-Busch InBev ABI.BR to make a formal $100 billion-plus takeover offer by a week.

* BT BT.L - Britain on Wednesday provisionally cleared BT's deal to buy mobile operator EE ORAN.PA DTEGn.DE in a 12.5 billion pound ($19 billion)tie up that will create the country's leading player in broadband, fixed line and mobile.

* ANTOFAGASTA ANTO.L - Chile's Antofagasta Plc on Wednesday cut its full-year production forecast as the copper producer posted steady output in the third quarter versus the second.

* BRITISH AMERICAN TOBACCO PLC BATS.L - British American Tobacco , the world's No. 2 cigarette company, reported a 6.5 percent decline in revenue for the first nine months of the year, hurt by currency fluctuations and declines in smoking rates.

* NEXT PLC NXT.L - British clothing retailer Next posted third-quarter sales in line with previous guidance and left full-year forecasts broadly unchanged.

* STANDARD LIFE SL.L - British insurer and asset manager Standard Life saw net inflows of 2.4 billion pounds ($3.67 billion) in the third quarter, the firm said on Wednesday, beating analysts' expectations.

* MEGGITT PLC MGGT.L - British engineering firm Meggitt said its full-year underlying operating profit would be "meaningfully" below forecasts due to weak demand in its energy division, prompting the group to look for further job cuts.

* TRINITY MIRROR PLC TNI.L - Newspaper publisher Trinity Mirror Plc said it would buy the shares it does not own in rival Local World Holdings Ltd in a deal that values the company at 220 million pounds ($337 million).

* National Australia Bank NAB.AX on Wednesday said it plans to sell its British operations by early 2016, two months later than expected, revealing for the first time how it intends to exit a business that has frustrated shareholders for years.

* METALS PRICES - London copper slipped on Wednesday with patchy economic indicators in the United States casting doubt over the strength of global economic growth ahead of the outcome of a Federal Reserve meeting later in the session.

* OIL PRICES - Oil prices edged up from multi-week lows in thin Asian trade on Wednesday after an industry group reported that stocks fell at the Cushing storage hub in Oklahoma, delivery point for West Texas Intermediate oil


> Financial Times


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