UPDATE 1-UK Stocks-Factors to watch on Nov 4

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Nov 4
Credit: © Reuters.

(Adds company news items, futures)

Nov 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 46 points higher at 5,833 on Wednesday, according to financial bookmakers, with futures down 0.90% ahead of cash market open.

* MARKS AND SPENCER: British retailer Marks and Spencer MKS.L slumped to a first-half loss, the first in its 94 years as a publicly listed company, after clothing sales were hammered by the COVID-19 pandemic. PROVIDENT FINANCIAL: Doorstep lender Provident Financial Plc PFG.L said collection performance in its home credit business has now aligned with pre-coronavirus levels, with the company on track to meet market expectations for the year. MITIE GROUP: Outsourcer Mitie Group MTO.L said it would now issue fewer shares to buy rival Interserve's support services arm, lowering the deal value to 190 million pounds ($274 million), while saying its board does not plan to declare an interim dividend. GOLD: Gold fell as the dollar strengthened after U.S. President Donald Trump grabbed an early lead in the key state of Florida, muddying the path for his Democratic rival Joe Biden. OIL: Oil rose around 2% after industry data showed crude inventories in the United States fell sharply, but trading was choppy as the outcome of the U.S. presidential election remained unclear. The UK blue-chip index .FTSE closed 2.3% higher on Tuesday, getting a boost from banks on rising bets of more stimulus measures to soften the economic blow from a new wave of coronavirus infections. For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB

($1 = 0.7686 pounds)

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