UPDATE 1-UK Stocks-Factors to watch on Nov 5

Reuters
2024-11-05

(Adds new items, updates futures)

Nov 5 (Reuters) - Britain's FTSE 100 index is seen opening lower on Tuesday, with futures down 0.2%.

* VODAFONE: The $19 billion merger between Vodafone and Hutchison's Three UK is likely to be given the go ahead as investment commitments outweigh competition concerns, the British regulator said in a provisional ruling on Tuesday.

* ASSOCIATED BRITISH FOODS: Associated British Foods

reported a 32% rise in full-year profit, with a robust performance from its grocery division and a solid outcome from its Primark clothing business, partially offset by accelerating weakness in its sugar operations.

* ASOS: British online fashion retailer ASOS said that it expected its adjusted earnings to rise by at least 60% in its 2025 financial year after a turnaround plan focused on ditching discounting and improving its products gained traction.

* TP ICAP: British inter-dealer broker TP ICAP

reported a 10% increase in its third-quarter revenue, driven by strong performances in its global broking and liquidnet segments.

* SHEIN: Sales by Shein's Ireland-registered entity, Infinite Styles Ecommerce Co, grew 68% in 2023, hitting 7.684 billion euros ($8.37 billion), according to annual results published.

* CONSUMER SPENDING: British consumer spending grew only modestly last month as uncertainty in the run-up to finance minister Rachel Reeves' Oct. 30 budget and rising energy bills deterred shoppers, a survey showed.

* SHELL: Shell said it is moving non-essential personnel from its Appomattox, Vito, Ursa, Mars, Auger, and Enchilada/Salsa assets to shore due to a disturbance in the Gulf of Mexico.

* OIL: Oil prices traded in a narrow range ahead of what is expected to be an exceptionally close U.S. presidential election.

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

($1 = 0.9183 euros)

(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)

((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))

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