UK Stocks-Factors to watch on Oct. 30


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Oct 30 - Britain's FTSE 100 .FTSE index is seen opening 7 points lower at 7,299 on Wednesday, according to financial bookmakers

* STANDARD CHARTERED: Standard Chartered STAN.L reported that third-quarter profit rose a better-than-expected 16%, as a surge in business from corporate clients helped the bank weather unrest in its core market of Hong Kong and global trade tensions.

* BP: BP Plc BP.L wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be supplied by gas from offshore oilfields here.

* ROYAL MAIL: UK's Royal Mail Plc RMG.L has written to the Communications Workers Union (CWU) saying it will enter into talks "without preconditions" if the union agrees to remove the threat of strike action over the Christmas, the company said on Tuesday.

* INMARSAT: The British government on Tuesday cleared the acquisition of satellite communications company Inmarsat ISA.L by a private equity consortium after it accepted undertakings given by the acquirer relating to national security.

* BHP: BHP BHP.AX, BHPB.L said its Escondida copper mine, the world's largest, was operating at a "reduced rate" after union workers walked off the job for part of the day on Tuesday in solidarity with the anti-government protest movement across Chile.

* GOLD: Gold prices firmed as a possible delay in U.S.-China trade deal stalled a rally in equities, while investors shifted focus to a U.S. central bank meeting later in the day where it is expected to cut interest rates.

* OIL: Oil prices fell as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories.

* The UK blue chip index dipped 0.3%, its biggest daily drop in ten days, as the prospect of a December general election put investors in Britain in a cautious mood, while heavyweight BP slid on lower profits.


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* 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 Pushkala Aripaka in Bengaluru)

((; Twitter: @pushkala_a; within UK: +44 20 7542 1810, outside UK: +91 80 6749 6633;))

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


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