UK Stocks-Factors to watch on Nov. 20 (updated)

Musicmagpie

20/11/2023 07:49

(Adds new items, updates futures)
       Nov 20 (Reuters) - Britain's FTSE 100 index  .FTSE  is
expected to open lower on Monday, with futures  FFIc1  down
0.12%.

    * LSEG: The London Stock Exchange Group  LSEG.L  named
Michel-Alain Proch as its new finance chief, starting March 1,
2024.
        * COMPASS GROUP: Catering group Compass Group  CPG.L 
expects 2024 
    underlying operating profit to grow about 13%,
     aided by strong demand leading to high single-digit organic
revenue growth and stronger margins, it said on Monday.
  
        * ASHTEAD: British equipment rental firm Ashtead Group
 AHT.L  said its 
    annual profit would come in below
     market expectations as lower emergency response activity
dragged its U.S. business and the company expects to take a more
than $2 billion depreciation charge for the year.
  
        * MUSICMAGPIE: MusicMagpie  MMAG.L  said it was in 
    early-stage talks
     with BT Group  BT.L  and Aurelius Group regarding a
possible offer to buy the British online retailer of used
smartphones and electronic products.
  
        * BARCLAYS: Barclays  BARC.L  has been exploring 
    a potential acquisition of Tesco's  TSCO.L  banking
operations, two people familiar with the matter told Reuters.
        * RIO TINTO: Rio Tinto  RIO.L ,  RIO.AX , one of the
world's largest mining companies, agreed to pay a $28 million
fine to settle U.S. Securities and Exchange Commission lawsuit
that accused it of fraud in handling a failed investment in a
Mozambique coal project.
    * METAL: London copper prices rose to their highest in
nearly eight weeks on a softer dollar and hopes of improving
demand after Chinese officials promised support to the country's
property sector.
    * OIL: Oil futures edged higher, extending gains on
expectations of OPEC+ deepening supply cuts to shore up prices,
which have fallen for four weeks on easing concern of Middle
East supply disruption amid the Israel-Hamas conflict.
    
    * For more on the factors affecting European stocks, please
click on:  LIVE/     
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 (Reporting by Zainab Saifuddin Saifee in Bengaluru)
 ((Zainab.SaifuddinSaifee@thomsonreuters.com; +91 8766460080;))