Funds News

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

(Adds company news items, futures)

Oct 28 (Reuters) - Britain’s FTSE 100 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 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 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 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 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).

* 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 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.

* For more on the factors affecting European stocks, please click on:


> Financial Times

> Other business headlines (Reporting by Priyanshi Mandhan)


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