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UPDATE 1-UK Stocks-Factors to watch on Nov 3

Published 03/11/2020, 07:03
Updated 03/11/2020, 07:57
© Reuters.

© Reuters.

Nov 3 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 50 points higher at 5,705 on Tuesday, according to financial bookmakers, with futures up 0.79% ahead of cash market open.

Associated British Foods: Associated British Foods (ABF.L) reported a 40% fall in full-year earnings, with a COVID-19-related hit to profit at its Primark clothing business outweighing increases at its sugar, grocery, agriculture and ingredients divisions.

Wizz Air: Wizz Air (WIZZ.L) said passenger numbers were 69% lower this October compared to last October, as the pandemic continues to crush demand for flying.

Crest: British homebuilder Crest Nicholson (CRST.L) forecast annual earnings ahead of market expectations and reinstated dividend due to strong recovery in the housing market, but warned of fresh challenges in the face of the new coronavirus lockdown.

Senior: Senior Plc (SNR.L) said its revenue was unlikely to recover before 2022 as the British aerospace supplier grapples with setbacks to jet production and global travel demand during the COVID-19 pandemic.

Amigo: Amigo (AMGO.L) said it has dropped plans to resume new lending until 2021, and would instead focus on loan collections and clearing a backlog of customer complaints as the pandemic continued to cast a pall over its business.

G4S: British private security firm G4S (CSE:G4S) (GFS.L) has rejected a takeover proposal from U.S. rival Allied Universal Security Services, Bloomberg News reported, citing people with knowledge of the matter.

Gold: Gold prices edged down, as cautious investors awaited the outcome of the U.S. presidential election with President Donald Trump closely trailing Democrat Joe Biden in national opinion polls.

Oil: Oil prices slipped as worries about soaring COVID-19 cases, rapidly rising Libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases.

The UK blue-chip index (.FTSE) closed 1.4% higher on Monday, as Ocado (OCDO.L) led gains after raising its full year earnings outlook, while mid-caps fell, as England faced the prospect of entering a nearly one-month lockdown later in the week.

UK corporate diary:

Associated British Foods Plc (ABF.L) FY earnings
Senior Plc (SNR.L) Trading statement
Genel Energy Plc (GENL.L) Trading statement and operations update
DS Smith Plc (SMDS.L) Pre-close trading statement
Weir Group (WEIR.L) Interim management statement

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