for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

UPDATE 1-UK Stocks-Factors to watch on Nov 20

(Adds company news items, futures)

Nov 20 (Reuters) - Britain’s FTSE 100 index is seen opening 14 points higher at 6,348 on Friday, according to financial bookmakers, with futures up 0.01% ahead of cash market open.

* SAGE: British software company Sage reported a 3.7% drop in full-year organic operating profit to 391 million pounds ($519 million), reflecting investment in cloud services and a 17 million pound bad debt provision for COVID.

* GOLD: Gold prices were set for a second straight weekly fall as the metal’s appeal came under pressure from promising COVID-19 vaccine trials and news of the U.S. Treasury ending emergency loan programs.

* OIL: Oil prices were little changed, on track for a third consecutive weekly rise, but demand concerns stemming from surging coronavirus cases and renewed lockdowns in several countries capped any further gains.

* The UK blue-chip index closed 0.8% lower on Thursday as uncertainty over a post-Brexit trade deal with the European Union and surging COVID-19 infections sparked fears of more damage to an already-faltering domestic economic recovery.

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

TODAY’S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Priyanshi Mandhan)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up