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UPDATE 1-UK Stocks-Factors to watch on Oct 28

Published 28/10/2020, 07:00
Updated 28/10/2020, 07:09
© Reuters.

Oct 28 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 27 points lower at 5,702 on Wednesday, according to financial bookmakers, with futures down 1.46% ahead of cash market open.

Land Securities: British property developer Land Securities (LAND.L) said it would appoint Vanessa Simms as its finance chief, replacing Martin Greenslade who announced his intention to step down from the role last month.

Next: British fashion retailer Next (NXT.L) upgraded its full-year profit guidance for the third time in as many months after full-price sales in its third quarter exceeded its expectations.

Aston Martin: British carmaker Aston Martin (AML.L) said on Wednesday all the shares available in its 125-million-pound ($162.91 million) capital raise have been placed or subscribed.

Kaz Minerals: Kaz Minerals (KAZ.L) said it has agreed to be acquired by Nova Resources in an all-cash deal that values the London-listed miner at 3 billion pounds ($3.91 billion).

Unilever: Unilever 's (UNA.AS) (ULVR.L) boards have decided to proceed with the consumer goods giant's plans to unify its Anglo-Dutch corporate structure into a single entity based in London.

X5: Russia's largest food retailer X5 (PJPq.L) is putting its digital businesses at the heart of a new strategy as it expects the online retail market to grow by over 300% in the next three years, spurred on by the impact of the pandemic.

Gold: Gold prices were little changed, staying above the $1,900-mark, as uncertainties about U.S. elections and surging global COVID-19 cases countered pressure from a firmer dollar and fading hopes of an immediate U.S. stimulus package.

Oil: Oil prices slid about 2% giving up most of the previous day's gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut in oil and weaker fuel demand.

The UK blue-chip index (.FTSE) closed 1.1% lower on Tuesday as worries about fresh COVID-19 curbs across parts of England offset the impact of progress in Brexit talks and of positive results from Europe's biggest bank HSBC.

UK corporate diary:

Next Plc (NXT.L) Q3 trading statement
Elementis Plc (ELM.L) Q3 trading statement
GlaxoSmithKline Plc (GSK.L) Q3 earnings
Santandar UK Plc (SANS_pa.L) Q3 earnings

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