UK Stocks -- Factors to watch on Oct 14

Wed Oct 14, 2009 1:53am EDT
 
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 LONDON, Oct 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening
45-46 points, or as much as 0.9 percent higher on Wednesday, according to
financial bookmakers, as investors cheer better-than-expected results from the
world's biggest chipmaker Intel Corp (INTC.O).
 The benchmark FTSE 100 .FTSE closed 56.02 points lower at 5,154.15 on
Tuesday, slipping below the 5,200 level which it surpassed for the first time in
more than 12 months on Monday.
 Ex-dividend factors will knock 1.54 points off the index on Wednesday, with
British Land (BLND.L), Smith & Nephew (SN.L) and Tesco (TSCO.L) all losing their
dividend attractions.
 After the U.S. close, Intel Corp reported quarterly earnings and revenue
that surpassed Wall Street estimates, results that suggest the technology
sector's recovery is gaining steam. [ID:nN1315624]
 Investors will watch earnings from JPMorgan Chase & Co. (JPM.N),
scheduled for release on Wednesday, with numbers from Citigroup Inc. (C.N) and
Goldman Sachs (GS.N) due on Thursday, and Bank of America Corp (BAC.N) and
General Electric (GE.N) on Friday.
 A key U.S. Senate committee endorsed a sweeping healthcare overhaul on
Tuesday, gaining the support of an influential Republican and delivering
President Barack Obama a victory on his top domestic priority. [ID:nN13183672]
 Investors will eye the UK jobless report, with claimant count unemployment
seen rising by 25,000 in September, after a 24,400 increase the previous month.
 The ILO unemployment rate for June to August is seen moving up to 8.0
percent from 7.9 percent in May to July.
 After that, the focus will shift to U.S. September retail sales, scheduled
for release at 1230 GMT, and publication of the minutes of the Sept. 22-23 FOMC
meeting, due out at 1800 GMT.
 
 * GLOBAL MARKETS-Dollar drops to 14-mth low; commods rise [ID:nHKG355164]
 * Nikkei dips 0.3 pct as techs weigh, earnings eyed       [ID:nT361269]
 * Wall St falters on J&J, banks; Intel beats Street       [ID:nN13198826]
 * FOREX-Dollar falls to 14-month lows, yen head higher    [ID:nT318806]
 * TREASURIES-Futures fall as U.S. stock futures climb     [ID:nT136918]
 * Oil hits 2009 high on weak dollar, recovery hopes       [ID:nSIN538962]
 * PRECIOUS-Gold hits record highs as dollar slides        [ID:nT366229]
 * METALS-Surprise surge in China imports lifts copper     [ID:nSHA353204]
 
 UK stocks to watch on Wednesday:
 
 RIO TINTO (RIO.L)
 The miner on Wednesday raised its production guidance for iron ore this year
by between 5 and 7.5 percent to 210-215 million tonnes, after reporting a 12
percent jump in third-quarter output. [ID:nSYD542337]
 
 SHIRE (SHP.L)
 The pharmaceutical giant and generic drugmaker Sandoz settle all pending
litigation concerning Adderall Xr(R). [ID:nWNAB8558]
 
 ROYAL BANK OF SCOTLAND (RBS.L)
 RBS is considering a government-backed plan to give up all 312 of its
RBS-branded branches in England and Wales in a move to satisfy European
authorities, the Financial Times said on Wednesday. [ID:nLD350778]
 
 BURBERRY GROUP (BRBY.L)
 The luxury goods group issues a trading update.
 
 DIAGEO (DGE.L)
 The spirits group issues a trading update.
 
 EXPERIAN GROUP (EXPN.L)
 The credit information firm issues a trading update.
 
 PUNCH TAVERNS (PUB.L)
 The pubs group reports full-year results.
 
 N BROWN GROUP (BWNG.L)
 The home shopping firm reports first-half results.
 
 EAGA (EAGA.L)
 The environmental services company holds its annual general meeting.
 
 JJB SPORTS (JJB.L)
 The sportswear retailer has informed shareholders that the Serious Organised
Crime Agency and HM Revenue and Customs are examining the activities of former
executives, reported the Daily Telegraph.
 
 AIR PARTNER (AIP.L)
 The private aviation services provider posts full-year results.
 
 TODAY'S UK PAPERS
 > Financial Times                      [PRESS/FT]
 > Other business headlines             [PRESS/GB]
 (Reporting by Tricia Wright)

 

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