UPDATE 1-UK Stocks-Factors to watch on Oct. 18

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Oct. 18
Credit: © Reuters.

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Oct 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down nine points to 7,173 on Friday, according to financial bookmakers, with futures down 0.55% ahead of cash markets open.

* WINCANTON/EDDIE STOBART: Wincanton Plc WIN.L said on Friday it was mulling a possible offer for Eddie Stobart Logistics Plc ESLE.L and said it was performing due diligence on the company and its assets. LSE: London Stock Exchange Group LSE.L reported higher-than-expected third-quarter income on Friday, driven by higher clearing activity. INTERCONTINENTAL HOTELS GROUP: InterContinental Hotels Group IHG.L reported a 0.8% decline in revenue per room for the third quarter on Friday, as the Holiday Inn-owner was hurt by protests in Hong Kong and tougher trading conditions in the United States and China. OIL: Oil prices fell on Friday after China, the world's largest oil importer, recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. GOLD: Gold prices held above $1,490 on Friday as disappointing data from China reinforced concerns that its trade spat with the United States had begun taking a toll on global economies, while the Brexit deal waits for parliamentary backing. The UK's FTSE mid-cap stocks index .FTMC was well off its day's high and was last trading up 0.3% on Thursday. The blue-chip exporter-heavy FTSE 100 .FTSE index rose 0.5% on sterling's reversal. For more on the factors affecting European stocks, please click on: LIVE/


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