UK Stocks-Factors to watch on Oct. 29
29/10/2024 05:05
Oct 29 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening flat on Tuesday, with futures FFIc1 largely
unchanged.
* HSBC: HSBC Holdings HSBA.L posted a 10% rise in
third-quarter profit, beating analyst estimates, as its wealth
and wholesale banking benefited from slower-than-expected rate
cuts, while it embarks on one of the largest overhauls in its
history.
* SHOP PRICES: Prices in British shops fell at the fastest
pace in more than three years this month, but this week's budget
announcement by finance minister Rachel Reeves could help spur a
return of inflation, the British Retail Consortium said.
* SANTANDER UK: The UK arm of Spain's Santander SANS_pa.L
postponed the release of its third-quarter results while it
assesses the impact of a court ruling on motor finance
commissions, although the parent bank said it did not expect a
hit to financial targets in 2024.
* OIL: Oil prices edged up after a sharp plunge on Monday,
as a U.S. plan to purchase oil for the Strategic Petroleum
Reserve provided support while investors remained focused on
developments in the Middle East.
* METALS: Base metals traded sideways as markets awaited a
key meeting next week in China for more details on Beijing's
stimulus measures and the Nov. 5 U.S. presidential election.
* FTSE: The UK's benchmark FTSE 100 rose on Monday in a
broader rally led by travel and leisure shares, as well as
aerospace and defence stocks, though losses in commodity-linked
companies restricted overall gains.
* UK CORPORATE DIARY:
BP BP.L Q3 results
Pearson PSON.L 9M trading update
YouGov YOU.L FY results
Hargreaves Lansdown HRGV.L Q1 trading statement
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
(Reporting by Prerna Bedi in Bengaluru; Editing by Sumana
Nandy)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))