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UPDATE 1-UK Stocks-Factors to watch on Oct 3
October 3, 2017 / 6:39 AM / 20 days ago

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

(Adds company news items and futures)

Oct 3 (Reuters) - Britain’s FTSE 100 index is seen opening 3 points higher on Tuesday, according to financial bookmakers, with futures up 0.1 percent ahead of the cash market open.

* FERGUSON: Heating and plumbing products supplier Ferguson reported a near 25 percent rise in full-year trading profit from ongoing business, as a strong U.S. performance offset weak British growth.

* GREGGS: British baker Greggs said its like-for-like sales rose 5 percent in the 13 weeks to the end of September, keeping it on track to meet expectations for the year despite higher ingredient costs.

* ITE GROUP: Exhibition organiser ITE Group Plc said it expects to report higher full-year revenue as the company’s strategy to focus on core market leading events paid off.

* BRITVIC: British soft drinks group Britvic Plc said on Tuesday it would close its Norwich manufacturing site, resulting in 242 job cuts.

* EU TELECOMS: European Union lawmakers have dashed large telecoms companies’ hopes for lighter regulation as part of efforts to encourage investment in superfast internet networks.

* UNILEVER: U.S. agricultural trader Archer Daniels Midland Co on Monday denied a report that it was bidding on Unilever Plc’s spreads business, which includes Flora and Stork margarines.

* SHIRE: Allergan Plc was sued on Monday by Shire Plc for allegedly scheming to block doctors from prescribing its new treatment for dry eye disease.

* SHELL: Royal Dutch Shell Plc restarted all but one unit over the weekend at its 227,586 barrel-per-day (bpd) Convent, Louisiana, refinery, sources familiar with plant operations said on Monday.

* GOLD: Gold edged down to a 7-week low on Tuesday, as equities and the dollar were buoyed in Asian trade by upbeat economic data and strong U.S. treasury yields.

* OIL: Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs that a global glut in crude may not be clearing as quickly as some had hoped.

* The UK blue chip index closed 0.9 percent higher at 7,438.84 points on Monday as homebuilders rallied thanks to an extension of a government housing scheme, while airlines and miners also gained.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY‘S UK PAPERS

> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Sunil Nair)

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