UK Stocks-Factors to watch on Nov 19
* MARKET REPORT: Britain's FTSE 100 ended lower on Thursday as heavyweight mining and energy stocks tracked weak commodity prices, while online gambling software developer Playtech jumped after receiving a third takeover bid in the past two months. * For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines
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- United Kingdom
Britain's FTSE 100 index is seen opening higher with futures up 0.39% on Friday. * UNILEVER: Unilever Plc has agreed to sell its global tea business to CVC Capital Partners for 4.5 billion euros ($5.1 billion), concluding a process of reviewing and spinning off the division that took more than two years. * GB GROUP: Data intelligence specialist GB Group said on Thursday it would buy U.S.-based peer Acuant Intermediate for an enterprise value of $736 million, expanding its identity verification and identity fraud prevention business. * INFLATION: People in Britain turned more confident this month despite worries about inflation and they were more willing to purchase expensive items, according to a survey that will be welcome news to retailers preparing for the Christmas season. * POUND: The pound slid against the euro and edged down slightly against the dollar on Thursday as traders assessed whether recent gains linked to expectations of a central bank rate hike have gone too far.
* OIL: Oil prices steadied as investors paused for breath following a day of wild swings prompted by the prospect of coordinated action by the world's major economies to release official crude reserves from stocks. * GOLD: Gold prices inched higher but were set for their first weekly decline in three as rising inflation fuelled bets of quicker interest rate hikes and dented bullion's appeal. * METALS: Aluminium prices jumped on supply disruption worry after a smelter in China reportedly stopped production after an explosion. * MARKET REPORT: Britain's FTSE 100 ended lower on Thursday as heavyweight mining and energy stocks tracked weak commodity prices, while online gambling software developer Playtech jumped after receiving a third takeover bid in the past two months.
* For more on the factors affecting European stocks, please click on TODAY'S UK PAPERS
> Financial Times > Other business headlines
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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