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Funds News

UK Stocks-Factors to watch on Nov 12

    Nov 12 - Britain's FTSE 100 index is seen opening 62 points lower at
6,320 on Thursday, according to financial bookmakers.

    * UK HOUSING: The boom in Britain's housing market carried on into October
as a gauge of house price growth struck a new 21-year high, but next year looks
set to be much quieter, a survey showed.
    * COVID-19: Conservative lawmakers have set up a new group to fight what
they call a cycle of lockdowns to curb the spread of the novel
coronavirus.
    * BREXIT: Prime Minister Boris Johnson's director of communications resigned
on Wednesday, a move that suggested tension at the heart of government as
Britain prepares to leave the EU on Dec. 31, 2020.
    * UK TRANSPORT: London said on Wednesday it would need up to $3.8 billion
more support from the British government for its transport system in the next
financial year to cope with the impact of the COVID-19 pandemic.
    * GOLD: Gold prices edged higher, after dropping over 1% in the previous
session, as concerns over the economic fallout from surging COVID-19 cases
outweighed positive vaccine news.
    * OIL: Oil prices rose in early trade, taking the week's gains to more than
12% on growing hopes that the world's major producers will hold off on a planned
supply increase as soaring cases of COVID-19 dent fuel demand.
    * The UK blue-chip index closed 1.4% higher on Wednesday as optimism
about an effective COVID-19 vaccine offset concerns over surging coronavirus
cases and a deadlock in Brexit trade talks with the European Union.
    
    * UK CORPORATE DIARY:       
    
 Mediclinic International Plc               HY earnings
 National Grid Plc                          HY earnings
 WH Smith Plc                               FY results
 3i Group Plc                               HY earnings
 Premier Oil Plc                            Trading and operations update
 Vesuvius Plc                               Q3 trading statement
 Qinetiq Group Plc                          HY results
 Burberry Group                             Interim results
 ITV Plc                                    Trading statement
 B&M European Value Retail                  HY results 
    
    * For more on the factors affecting European stocks, please click on:
    
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            

 (Reporting by Priyanshi  Mandhan)
  

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