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UK Stocks-Factors to watch on Nov 24
November 24, 2016 / 6:31 AM / in a year

UK Stocks-Factors to watch on Nov 24

Nov 24 (Reuters) - Britain's FTSE 100 index is seen opening down 4
points, on Thursday, according to financial bookmakers.
    * The UK blue chip index ended flat on Wednesday after a choppy day, with
individual sectors diverging as finance minister Philip Hammond delivered the
biggest economic update since Britain voted in June to leave the European
    * BRITAIN BUDGET: Britain has ramped up its borrowing outlook by much more
than expected after forecasters said its vote to leave the European Union would
hurt the economy, giving the government only a little room to ease looming
pressure on households and firms. 
    * RIO TINTO: Rio Tinto  on Thursday outlined plans to boost
free cash flow by $5 billion over the next five years by sweating its assets
harder while expanding in iron ore, copper and bauxite. 
    * RIO TINTO: Rio Tinto  Chief Executive Jean-Sébastien
Jacques said on Thursday that issues raised by the disclosure of payments in
Guinea in 2011 were "very challenging", in his first public appearance since the
scandal erupted. 
    * RIO TINTO: Rio Tinto, would not hesitate to cut its iron
ore production if that would help boost its free cash flow and the company is
not chasing market share, its chief executive said on Thursday. 
    * DEUTSCHE BOERSE/LSE: The finance chief of Deutsche Boerse 
warned on Wednesday rivals in the United States and China would become dominant
if the German group's planned merger with the London Stock Exchange was
blocked by European regulators. 
    * BRITAIN AUTOS: Britain made fewer cars last month for the first time in
more than a year, driven by slower domestic demand and prompting the industry's
lobby group to renew its call for the government to maintain free trade as
Britain leaves the European Union. 
    * BRITAIN BONDS: Long-dated gilt yields rocketed on Wednesday after British
finance minister Philip Hammond ramped up his forecasts for government borrowing
in Britain's first budget update to count the cost of voting to leave the
European Union. 
    * STERLING: Sterling surged to a 10-week high against the euro and resisted
the dramatic falls against the dollar suffered by other major currencies after a
UK budget read as doing more than had been expected to bolster growth in years
to come. 
    * BRITAIN IMMIGRATION:  The British government will have to borrow an extra
16 billion pounds ($20 billion) over the next five years to make up for the
impact of lower immigration following the Brexit vote, Britain's independent
budget forecasters said on Wednesday. 
    * LONDON COPPER: London copper and zinc prices pushed up on Thursday amid a
wider rally in metals, with investors allocating more money to commodities in
expectation of U.S. inflation and on signs of growing strength in the U.S.
manufacturing sector. 
    * EX-DIVS: Carnival, DCC, Johnson Matthey,
Mediclinic, National Grid and Vodafone Group will trade
without entitlement to their latest dividend pay-out on Thursday, trimming 7
points off the FTSE 100 according to Reuters calculations 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Marston's Plc                               Full Year 2016 Earnings Release
 Euromoney                                   Full Year 2016 Earnings Release
 Mothercare Plc                              Half Year 2017 Earnings Release
 Countrywide Plc                             Q3 Interim Management Statement
 PayPoint Plc                                Half Year 2016 Earnings Release
 Pets at Home Group Plc                      Half Year 2017 Earnings Release
    > Financial Times                      
    > Other business headlines             
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 (Reporting by Rahul B in Bengaluru; Editing by Sunil Nair)

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