WebSify
Follow us on
Mail
Print

UK Stocks-Factors to watch on Friday, Oct. 5

Source : REUTERS
Last Updated: Fri, Oct 05, 2012 19:03 hrs

* Britain's FTSE 100 index is seen opening 17 to 29 points, or as much as 0.3 percent, higher on Friday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed flat at 5,827.78 points on Thursday, shrugging off an expected decision by the Bank of England to leave monetary policy unchanged, but failing to hold on to a one-week intra-day high of 5,854.16 points.

* Focus will be on monthly U.S. payrolls data, due at 1230 GMT, after recent indicators suggested the economy was picking up traction again, although it appears still stuck in a slow recovery. Jobs likely increased by 113,000 last month but the jobless rate likely ticked up to 8.2 percent from 8.1 percent in August.

* RENTOKIL - The British cleaning-to-pest control firm rose on Thursday on various rumours ranging from a 2.63 billion pounds, or 145 pence-per-share, private equity bid and that the company might sell Citilink, its private postal business, according to various newspaper market reports.

* BAE SYSTEMS - EADS and BAE Systems have edged closer towards winning political backing for a $45 billion merger amid positive signals from Britain and France, but German misgivings over control remain a major hurdle, sources close to the talks said. 

* Copper edged up in line with a firmer euro, although volumes were low with top consumer China on a week-long holiday.

* Brent futures slipped below $112 per barrel, but were on course to end a choppy week nearly flat as rising tensions in the Middle East battle with perennial worries about the global economy and oil demand.

* UK CORPORATE DIARY:

JOHN WOOD GROUP issues a trading update.

HENDERSON SMALLER CO INV TRUST holds its annual general meeting.

KCOM GROUP issues a trading update.

ST IVES issues a trading update.

TODAY'S UK PAPERS

> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit* BridgeStation: view story .134(Reporting by Atul Prakash)



blog comments powered by Disqus
most popular on facebook
talking point on sify finance