UK Stocks-Factors to watch on Nov. 24

Nov 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down by 0.12%.

* BREWIN DOLPHIN: Asset manager Brewin Dolphin BRW.L posted a jump in full-year earnings thanks to record inflows on Wednesday, but warned of market volatility ahead as government support measures unwind and consumer demand falls back into normal levels.

* MULBERRY GROUP: Mulberry Group's MUL.L business is returning to pre-pandemic levels, the British luxury brand said on Wednesday, with strong sales in the UK and growth in Asia contributing to a 34% jump in first-half revenue.

* JOHNSON MATTHEY: Chemicals maker Johnson Matthey JMAT.L announced a share buyback of 200 million pounds after half-yearly underlying operating profit more than doubled to be ahead of pre-pandemic levels on higher precious metals prices and strong demand.

* UNITED UTILITIES: British water company United Utilities UU.L posted a 4% rise in first-half operating profit, as consumption by businesses recovered from the pandemic and said it was set to receive 150 million pounds in regulatory incentives for 2020-2025.

* ASDA: British supermarket group Asda has appointed Stuart Rose, the former boss of Marks & Spencer MKS.L , as its new chairman, tasking him with leading the board's recruitment of a new chief executive, it said on Tuesday.

* CENTRAL BANK: Bank of England Governor Andrew Bailey said on Tuesday he might further scale back guidance on central bank policy and the central bank could return to stating that decisions would be made on a meeting-by-meeting basis.

* OIL: Oil prices fell as the U.S.-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supply, while investors took profits from the previous day's rally ahead of the U.S. Thanksgiving holiday.

* GOLD: Gold prices edged up, although strength in the U.S. dollar and bets that the Federal Reserve could raise interest rates sooner kept the metal below the key $1,800 mark.

* UK's FTSE 100 rebounded to end higher on Tuesday as gains in mining and energy shares countered fears over a resurgence in COVID-19 cases in Europe, while online electricals retailer AO World plummeted after warning of product shortages.

* For more on the factors affecting European stocks, please click on:


> Financial Times

> Other business headlines

Reporting by Sinchita Mitra

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.