UPDATE 1-UK Stocks-Factors to watch on Nov 26

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Nov 26
Credit: © Reuters.

(Updates with company news and futures)

Nov 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 25 points higher at 6,977 on Monday, according to financial bookmakers, with FTSE 100 futures FFIc1 up 0.6 percent ahead of the cash market open.

* OIL: Oil prices recovered some losses on Monday after a near 8 percent drop in the previous session, but remained under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets. GOLD: Gold prices were little changed with investors looking to a G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict, although a stronger dollar amid fears of a slowdown in global growth weighed on bullion. FAROE PETROLEUM: Norway's DNO DNO.OL has offered to buy Faroe Petroleum Plc FPM.L for 152 pence per share in cash, valuing the London-listed company at 607.9 million pounds ($779.8 million), said DNO, which already owns just over 28 percent of Faroe. VECTURA: Vectura Group Plc VEC.L will stop developing its treatment for severe uncontrolled asthma, the British drugmaker said on Monday, after the drug-device combination failed to meet the main goal of a late-stage study. POLAR CAPITAL: British asset manager Polar Capital Holdings Plc POLR.L said total assets fell 7.5 percent in October on the back of a broad stock market selloff, taking the shine off a jump in half-year profit. DRAX: Britain's Drax Group Plc DRX.L has started a pilot project to capture and store carbon dioxide emissions at its biomass plant, the first of its kind in Europe, it said on Monday. ASTON MARTIN: Luxury carmaker Aston Martin AML.L has not yet seen a slowdown in its key markets and aims to more than double the number of cars it makes by 2025, its chief executive officer said on Sunday. The UK blue chip index .FTSE closed 7.46 points lower at 6952.86 on Friday, as a deepening oil rout brought a tentative rally earlier in the day to a halt and investors moved to the sidelines before a key EU summit on Sunday. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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