UK Stocks-Factors to watch on Nov 11



Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.2%.

* ECONOMY: Britain's economy grew by 0.6% in September but estimates for previous months were revised lower, leaving GDP 0.6% smaller than it was in February 2020, shortly before the country went into its first COVID-19 lockdown.

* MEDICLINIC: Hospital chain operator Mediclinic MDCM.L said its interim profit more than tripled from a year earlier, inching close to pre-pandemic levels as people returned for non-COVID treatments.

* TED BAKER: Fashion chain Ted Baker TED.L said third-quarter sales jumped 18% as demand for workwear remained strong after pandemic curbs were eased.

* WH SMITH: WH Smith SMWH.L expects sales to scale their pre-COVID levels in the current fiscal year, the retailer said on Thursday.

* AVIVA: Insurer Aviva AV.L said it was on track to return at least 4 billion pounds to shareholders, as it faces pressure to boost returns from activist investor Cevian.

* JOHNSON MATTHEY: Johnson Matthey JMAT.L said it plans to exit its battery materials business due to intense competition and low returns, while announcing the departure of its chief executive and warning on results.

* BURBERRY: Luxury brand Burberry BRBY.L said its interim revenue returned to pre-pandemic levels, driven by strong growth in mainland China, South Korea and the United States.

* B&M: Discount retailer B&M BMEB.L posted lower first-half core earnings, reflecting an exceptional performance in the same period last year when sales boomed during the first pandemic lockdown.

* THG: U.S.-based asset manager T. Rowe Price has taken a 5% stake in online retail platform THG THG.L , a filing showed on Wednesday.

* NATIONAL GRID: National Grid NG.L said on Wednesday it expects to bring a full 2 gigawatts of capacity back to its IFA1 interconnector in Kent in December next year, 10 months ahead of plan.

* HOUSE PRICES: House price inflation in Britain picked up last month, propelled by a shortage of sellers, a survey showed.

* BREXIT: The European Union said on Wednesday it will allow clearing houses in Britain to continue serving customers in the bloc beyond next June.

* GOLD: Gold prices edged higher on Thursday, extending a rally fuelled by a surge in U.S. consumer prices that spurred some demand for the metal as an inflation hedge.

* OIL: Oil prices were steady after falling in the previous session on concerns rising inflation in the United States may prompt the government to release more strategic crude stockpiles.

* London's FTSE 100 rose to its best session in nearly a month on Wednesday, aided by a weaker pound and gains in banks. * 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 Muhammed Husain in Bengaluru; Editing by Shailesh Kuber

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.