UK Stocks-Factors to watch on Nov. 11
Nov 11 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0.3%.
* PAY: British public-sector employers now expect to raise pay faster than their private-sector counterparts for the first time since late 2020, after the new Labour government approved big public-sector pay rises funded in part by higher employer taxes.
* THAMES WATER: A group of Thames Water class B bondholders asked the debt-laden British utility to extend a Nov. 11 participation deadline to give sufficient time for other creditors to consider their rival funding proposal for the company, they said.
* SHELL: Shell SHEL.L said it would start redeploying personnel to its Gulf of Mexico platforms and all its mobile drilling units are returning to drill sites to re-start operations.
* OIL: Oil prices extended declines as the threat of a supply disruption from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. 2 oil consumer.
* METALS: Base metals in Shanghai slipped as top consumer China's latest stimulus package fell short of expectations.
* FTSE: Britain's FTSE 100 fell to a three-month low on Friday, dragged down by homebuilder Vistry following a profit warning, while China-exposed stocks took a hit from lacklustre stimulus updates from Shanghai.
* UK CORPORATE DIARY:
Direct Line | DLGD.L | Q3 Trading update |
Croda | CRDA.L | Q3 Trading update |
* For more on the factors affecting European stocks, please click on: LIVE/
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Reporting by Prerna Bedi in Bengaluru
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