UPDATE 2-UK Stocks-Factors to watch on Nov 25

  • Reuters
  • Stock Market News
UPDATE 2-UK Stocks-Factors to watch on Nov 25

(Adds company news items, updates futures)

Nov 25 (Reuters) - Britain's FTSE futures FFIc1 up 0.06 percent ahead of the cash market open on Friday.

* The UK blue chip index closed broadly flat on Thursday, with some firms including National Grid NG.L falling after trading without the attraction of their latest dividend payouts. RIO TINTO: Rio Tinto RIO.AX RIO.L Chief Executive Jean-Sébastien Jacques said on Friday the election of Donald Trump as President of the United States could help boost commodities demand and cut red tape, boosting the mining industry. BHP BILLITON: BHP Billiton BHP.AX BLT.L and Vale Sa VALE5.SA have each approved $181 million to fund remediation and compensation programs at the Samarco iron ore joint venture in Brazil following a deadly mine disaster in November 2015. PENNON GROUP: British water utility Pennon Group Plc PNN.L said its first-half underlying pretax profit grew 11.5 percent as the company continued limiting costs and was helped by increased tariffs and demand at its water supply unit. FASTJET: African budget airline Fastjet FJET.L said it would seek more funds sooner than originally expected to achieve a turnaround, prompting Chairman Colin Child to resign on Friday after months of the company battling its second-biggest investor to retain him. UK WAGE GROWTH: Britain's wage growth prospects look "dreadful", a leading think tank said on Thursday, after official economic forecasts showed workers were unlikely to recoup losses suffered after the financial crisis within the next five years. OIL: Oil prices fell more than 1 percent on Friday as a strong dollar and a rise in Saudi supplies to some Asian clients, weighed on markets, despite a planned OPEC-led output cut to be decided next week. O/R

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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