UPDATE 1-UK Stocks-Factors to watch on Oct 29

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Oct 29

(Adds futures, company news item)

Oct 29 - Britain's FTSE 100 .FTSE index is seen opening 10 points higher at 6,949 on Monday, according to financial bookmakers, with FTSE 100 futures FFIc1 up 0.87 percent ahead of the cash market open.

* TAKEDA, SHIRE: Takeda Pharmaceutical Co Ltd 4502.T has proposed to European regulators it could sell a Shire SHP.L treatment in development due to concerns of overlap in inflammatory bowel disease treatments and its own drug Entyvio as it seeks clearance for the two companies' merger. HSBC: HSBC Holdings Plc's HSBA.L renewed push to rein in costs and boost its share of business in the mainstay Asian region helped the lender post a better-than-expected 28 percent rise in third-quarter profit, sending its Hong Kong-listed shares sharply higher on Monday. RYANAIR: Britain's Local Authority Pension Fund Forum (LAPFF), which represents funds that own a combined 1 percent of Ryanair, said on Sunday it planned to file resolutions at the company's next annual general meeting to replace Chairman David Bonderman. STANDARD CHARTERED: Standard Chartered (LON: STAN ) Bank (China) has become the first foreign bank to be granted a licence to provide custody services to domestic funds and asset managers in China, the bank said on Monday, as Beijing took another step towards opening its capital markets. RIO TINTO: Global miner Rio Tinto (LON: RIO ) RIO.AX on Monday said a non-binding 2016 agreement for Aluminum Corp of China (Chinalco) 601600.SS to acquire the company's entire stake in the Simandou iron ore project in the West African nation of Guinea has lapsed. GOLD: Gold prices held steady in a narrow range on Monday as worries over U.S. corporate earnings and a slowdown in global economic growth weighed on Asian shares. OIL: Oil prices dipped on Monday as sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing. The UK blue chip index closed down 1.4 percent on Friday on growing concerns about slowing earnings growth, with investors punishing Rolls Royce (LON: RR ) and RBS (LON: RBS ). For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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