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UK Stocks-Factors to watch on Oct 23
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UK Stocks-Factors to watch on Oct 23
Oct 22, 2024 10:17 PM

Oct 23 (Reuters) - Britain's FTSE 100 index is

seen opening lower on Wednesday, with futures down

0.08%.

* WATER BILLS: Thames Water and other British water

companies have said they need to raise bills by more than they

had estimated, blaming new regulatory requirements and

investment costs, Ofwat said.

* BP: BP's head of LNG trading, Jonty Shepard, will

be leaving the company at year-end.

* SHEIN: Online retailer Shein's revenue growth slowed to

23% in the first half of this year, from 40% last year, The

Information reported.

* WATER UTILITY REVIEW: Britain will on Wednesday launch an

independent commission tackling the crisis in its water utility

sector after years of under-investment and pollution scandals

affecting rivers, lakes and seas.

* NHS: Britain's National Health Service will block Eli

Lilly's ( LLY ) Alzheimer's drug donanemab on Wednesday, deeming

it too expensive for NHS patients, the Telegraph reported on

Tuesday.

* OIL: Oil prices dipped after industry data showed U.S.

crude inventories have swollen more than expected, though

declines were capped as the market watched diplomatic efforts in

the Middle East after Israel continued attacks on Gaza and

Lebanon.

* GOLD: Gold prices surged to a record high as the conflicts

in the Middle East and uncertainty surrounding the upcoming U.S.

election spurred demand for safe-haven assets.

* London stocks fell on Tuesday, dragged down by weakness in

the utility and real estate sector, while investors awaited

speeches from Bank of England officials later in the day.

* UK CORPORATE DIARY:

Lloyds Q3 results

Barratt Redrow ( BTDPF ) AGM Trading Statement

Hochschild Q3 production results

WPP ( WPP ) Q3 trading update

Fresnillo Q3 production results

Abrdn ( SLFPF ) Q3 trading update

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

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