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

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

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Oct 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening one point higher at 7,325 on Monday, according to financial bookmakers, with futures FFIc1 down 0.01% ahead of cash market open.

* FERREXPO: Iron ore pellets producer Ferrexpo FXPO.L said that Chief Executive Officer Kostyantin Zhevago, a Ukrainian mogul, would "temporarily" step aside to resolve matters relating to one of his former businesses in Ukraine. HSBC: HSBC Holdings Plc HSBA.L dropped its 2020 profit target, reported a sharp fall in earnings and warned of a costly restructuring, as interim Chief Executive Noel Quinn seeks to tackle its problems head-on in his bid for the full-time role. JUST EAT: Investor Cat Rock Capital accused internet conglomerate Prosus of undermining the sale process of British food delivery business Just Eat, which is the focus of a bidding war in the fast-growing sector. TELCOS: British Prime Minister Boris Johnson is preparing to grant China's Huawei Technologies Co Ltd HWT.UL access to the UK's future 5G telecoms network, the Sunday Times reported. BHP: Samarco, a joint venture between BHP Group BHP.AX BHPB.L and Vale SA VALE3.SA , on Friday won permission to resume operations at their Germano iron ore mine, the environmental regulator of the Brazilian state of Minas Gerais said, roughly four years after a fatal dam collapse there. GOLD: Gold was little changed on Monday, after a near 1% jump in the previous session, as investors awaited a U.S. Federal Reserve rate decision later in the week, while progress in U.S.-China trade talks limited upside. OIL: After strong gains last week, oil prices were slightly lower on Monday as data released in China reinforced signs that its economy is slowing, though progress in China-U.S. trade talks has supported prices. UK stocks ended Friday on a sour note as Brexit jitters weighed on sentiment, although the exporter-heavy FTSE 100 marked its strongest weekly performance in nine months as the continuing political divide hurt sterling. For more on the factors affecting European stocks, please click on: LIVE/

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