UK Stocks-Factors to watch on Oct.27 Oct 27 (Reuters) – Britain’s FTSE 100 index is seen opening 11points lower at 5,781 on Tuesday, according to financial bookmakers.* HSBC: HSBC Holdings PLC posted a 35% drop in quarterly profit,better than expected, as higher loan loss provisions on the economic falloutfrom the COVID-19 pandemic were cushioned by the reining in ofexpenses.* Rolls-Royce: British aero-engine maker Rolls-Royce Holdings Plcplans to temporarily close factories, reduce working hours and cut benefits aspart of new cost-cutting measures, the Financial Times reported onMonday.
* GOLD: Gold prices rose after a fresh wave of coronavirus infections raisedconcerns over a global economic recovery and bolstered the precious metal’ssafe-haven appeal.* OIL: Oil prices eked out small gains after recent sharp losses, butsentiment remained subdued as a surge in global coronavirus cases hit prospectsfor crude demand while supply is rising.
* The UK blue-chip index closed 1.2% lower on Monday weighed bytravel and energy stocks, while a resurgence in novel coronavirus cases stokedfears of a faltering economic recovery and dragged down Europeanmarkets.Luxfer Holdings Plc Q3 earnings Whitbread Plc HY earnings Bloomsburry Publishing Plc HY earnings Renalytix AI Plc Q4 earnings HSBC Holdings Plc Q3 earnings BP Plc Q3 earnings St.
James Place Plc New Business Announcement First Derivatives Plc Q2 earnings * For more on the factors affecting European stocks, please click on: TODAY’S UK PAPERS (Reporting by Priyanshi Mandhan) 2020-10-27 07:25:41
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