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UPDATE 1-UK Stocks-Factors to watch on Nov 17
November 17, 2017 / 7:30 AM / in 24 days

UPDATE 1-UK Stocks-Factors to watch on Nov 17

(Adds company news items and futures)

Nov 17 (Reuters) - Britain’s FTSE 100 index is seen opening down 10 points at 7,377.1 on Friday, according to financial bookmakers, with futures down 0.22 percent ahead of the cash market open.

* CARILLION: British builder Carillion issued its third profit warning this year and said it would breach its financial covenant.

* NATIONWIDE BUILDING SOCIETY: Britain’s Nationwide Building Society reported a 4 percent fall in half-year profit on Friday, a second consecutive period of decline that it attributed to low interest rates.

* GOCOMPARE-ZGP: A top five shareholder in GoCompare said the British price comparison company should respond “positively” if a sweetened offer by Zoopla-owner ZPG were made in the region of 520 million pounds.

* GOLD: Gold prices rose on Friday as the dollar weakened after a report that investigators looking into possible Russian interference in the 2016 U.S. presidential election had subpoenaed President Donald Trump’s election campaign for documents.

* OIL: Oil prices steadied on Friday after recent declines, but were on track for their first weekly fall in six weeks as concerns about surging U.S. supplies put a dent in the market’s recent rally.

* The UK blue chip FTSE 100 index closed up 0.2 percent at 7,386.94 points on Thursday, as share index shrugged off weakness from oil stocks on Thursday as a handful of earnings updates were in focus, though GKN plunged on uncertainty following the ditching of its CEO designate.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY‘S UK PAPERS

> Financial Times

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