GSK

UK Stocks-Factors to watch on Oct 28

Credit: REUTERS/TOBY MELVILLE

Oct 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 27 points lower at 5,702 on Wednesday, according to financial bookmakers.

* ASTON MARTIN: Daimler DAIGn.DE unit Mercedes-Benz is to lift its stake in Britain's Aston Martin AML.L to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said.

* UNILEVER: Unilever's UNA.AS, ULVR.L boards have decided to proceed with the consumer goods giant's plans to unify its Anglo-Dutch corporate structure into a single entity based in London.

* X5: Russia's largest food retailer X5 PJPq.L is putting its digital businesses at the heart of a new strategy as it expects the online retail market to grow by over 300% in the next three years, spurred on by the impact of the pandemic.

* GOLD: Gold prices were little changed, staying above the $1,900-mark, as uncertainties about U.S. elections and surging global COVID-19 cases countered pressure from a firmer dollar and fading hopes of an immediate U.S. stimulus package.

* OIL: Oil prices slid about 2% giving up most of the previous day's gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut in oil and weaker fuel demand.

* The UK blue-chip index .FTSE closed 1.1% lower on Tuesday as worries about fresh COVID-19 curbs across parts of England offset the impact of progress in Brexit talks and of positive results from Europe's biggest bank HSBC.

* UK CORPORATE DIARY:

Next Plc

NXT.L

Q3 trading statement

Elementis Plc

ELM.L

Q3 trading statement

GlaxoSmithKline Plc

GSK.L

Q3 earnings

Santandar UK Plc

SANS_pa.L

Q3 earnings

* 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 Priyanshi Mandhan)

((Priyanshi.Mandhan@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.