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UK Stocks-Factors to watch on Oct. 16
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UK Stocks-Factors to watch on Oct. 16
Oct 17, 2024 1:14 PM

Oct 16 (Reuters) - Britain's FTSE 100 index is

seen opening higher on Wednesday, with futures up 0.4%.

* ANTOFAGASTA ( ANFGF ): Antofagasta ( ANFGF ) reported a 15% rise in

third-quarter copper output compared to the second quarter, due

to destocking of inventories at its Los Pelambres mine and

better grades at its Centinela mine in Chile.

* QUILTER: British wealth manager Quilter reported

higher third-quarter assets under management, as more clients

poured money into its funds, taking net inflows to 1.4 billion

pounds ($1.82 billion).

* WHITBREAD ( WTBCF ): Whitbread ( WTBCF ) said it targeted at

least 300 million pounds more profit and over 2 billion pounds

for shareholder returns in the next five years, as it reported a

13% fall in its first-half adjusted pretax profit.

* FCA: The Financial Conduct Authority has begun a

review

of Britain's premium finance market, amid fears that

consumers who borrow to pay for motor and home insurance may not

be receiving fair or competitive deals, as prices across the

sector continue to rise.

* INFLATION: British inflation

fell

by more than expected last month, including key measures

watched by the Bank of England, according to data that bolstered

bets on an interest rate cut next month.

* GSK: British drugmaker GlaxoSmithKline sued

Moderna ( MRNA ) in U.S. federal court in Delaware on Tuesday,

accusing it of violating GSK patent rights in messenger RNA

technology with its blockbuster COVID-19 vaccine Spikevax and

RSV shot mResvia.

* GOLD: Gold prices inched higher on Wednesday.

* OIL: Oil prices inched higher in early trade on

uncertainty over what may happen next in the Middle East

conflict, after demand concerns knocked the market to its lowest

since early October in the previous session.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Yamini Kalia and DhanushVignesh Babu in

Bengaluru)

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