UK Stocks-Factors to watch on Oct 23
Adds new items, updates futures
Oct 23 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.1%.
* LLOYDS: Lloyds Banking GroupLLOY.L reported third-quarter profits thatexceeded expectations, and reaffirmed its performance guidance for 2024, citing increasing financial confidence among its customers.
* WPP: British ad group WPPWPP.L reported abetter-than-expected 0.5% rise in like-for-like organic revenue in the third quarter, with growth in North America, western continental Europe and India partly offset by continued tough trading in China.
* BARRATT REDROW: British homebuilder Barratt RedrowBTRW.L said it was beginning to see morestable market conditions with increased mortgage availability and affordability, signalling improved sentiment in the UK's housing sector.
* RECKITT: ReckittRKT.L beat third-quarter like-for-like net sales growth estimates, helped by its health business, which makes Nurofen pain pills and Strepsils lozenges.
* BRITISH LAND: Property firm British LandBLND.N named insider David Walker as itschief financial officer, replacing outgoing finance chief Bhavesh Mistry.
* BRITVIC: Britain's Competition and Markets Authority (CMA) said that it has launched a formal investigation into the deal between CarlsbergCARLb.CO and BritvicBVIC.L, setting a Dec. 18 deadline for its phase-1 decision.
* WATER BILLS: Thames Water and other British water companies have said they need to raise bills by more than they had estimated, blaming new regulatory requirements and investment costs, Ofwat said.
* BP: BP's BP.L head of LNG trading, Jonty Shepard, will be leaving the company at year-end.
* NHS: Britain's National Health Service will block Eli Lilly's LLY.N Alzheimer's drug donanemab, deeming it too expensive for NHS patients, the Telegraph reported on Tuesday.
* OIL: Oil prices dipped on Wednesday.
* GOLD: Gold prices surged to a record high.
* 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
Reporting by Yamini Kalia and DhanushVignesh Babu in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.