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UPDATE 1-UK Stocks-Factors to watch on Nov. 30

Published 30/11/2020, 06:48
Updated 30/11/2020, 08:32
© Reuters.

© Reuters.

Nov 30 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 11 points lower at 6,357 on Monday, according to financial bookmakers.

Lloyds: LLoyds Banking Group (LLOY.L) said that Charlie Nunn, currently head of wealth and personal banking at HSBC (HSBA.L), is to be its next Chief Executive.

Frasers: Mike Ashley's Frasers Group (FRAS.L) it had offered emergency funding to Philip Green's Arcadia fashion group, which is on the brink of falling into administration.

Pets at Home: Pets at Home Group Plc (PETSP.L) said it had bought veterinary telehealth provider The Vet Connection for 15 million pounds ($20.03 million) as it looks to expand digital offerings during the COVID-19 pandemic.

G4S: Canadian security firm Gardaworld said it has further extended its cash offer for larger rival G4S (GFS.L), which has repeatedly rejected the hostile bid valuing the British company at about 3 billion pounds ($4 billion).

Indivior: British drugmaker Indivior Plc (INDV.L) said it would "vigorously defend" against a 1.07 billion pound ($1.43 billion) legal claim from consumer good maker Reckitt Benckiser Group (RB.L) relating to their demerger agreement.

Rio Tinto: Rio Tinto (RIO.L) will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say.

AstraZeneca: The Indian Council of Medical Research (ICMR) is assisting an inquiry into an alleged adverse reaction during AstraZeneca's (AZN.L) COVID-19 vaccine trial, but has found no reason to recommend halting it, a senior official at the regulator said on Sunday.

HSBC: HSBC Holdings Plc (HSBA.L) is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday.

Gold: Gold slipped and was on track for its worst month in four years, as optimism over a coronavirus vaccine-led economic rebound that propelled equities to record highs dulled the metal's safe-haven appeal.

Oil: Crude oil prices fell amid investor jitters ahead of a meeting of producer group OPEC+ to decide whether to extend large output cuts to balance global markets, but vaccine hopes helped keep them on track to rise more than a fifth in November.

The UK blue-chip index (.FTSE) rose slightly on Friday, but marked its first weekly loss this month as frictions in the Brexit process and a gloomy economic outlook due to the coronavirus weighed on sentiment.

UK corporate diary:

Draper Esprit Plc (GROW.L) HY earnings
Victoria Plc (VCP.L) HY earnings

Latest comments

Not the person to ask mate.. Not even started trading yet
Its a good time to buy gold and oil
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