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UPDATE 1-UK Stocks-Factors to watch on Dec. 4

Published 12/04/2019, 03:55 PM
Updated 12/04/2019, 03:56 PM
UPDATE 1-UK Stocks-Factors to watch on Dec. 4

(Adds company news items and futures.)
Dec 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points
higher at 7,170 on Wednesday, according to financial bookmakers, with futures
FFIc1 down 0.22% ahead of the cash market open.
* QUIZ: Fast-fashion retailer QUIZ Plc QUIZ.L reported a plunge in
half-year earnings and said it was exiting loss-making concessions, as it faces
persistently challenging conditions on the UK high street. * M&C SAATCHI: UK-based M&C Saatchi Plc SAA.L warned of lower annual
profit for the second time in less than three months, due to higher costs and
weak performance in the fourth quarter, and the ad agency said it would
restructure its UK business. * STOCK SPIRITS GROUP: Stock Spirits Group STCK.L said its annual profit
more than doubled, driven by higher demand for its premium brand vodka in its
biggest markets of Poland and the Czech Republic. * MORRISONS: British supermarket group Morrisons MRW.L promoted finance
chief Trevor Strain to the role of chief operating officer, putting him in pole
position to eventually take over from chief executive David Potts. * OIL: Oil prices rose ahead of a meeting of OPEC and its allies to discuss
whether to extend production curbs to support the market, while industry data
showing that U.S. crude stockpiles fell more than expected helped to lift
prices. * GOLD: Gold prices hovered near a one-month high hit in the previous
session, as comments from U.S. President Donald Trump dashed market hopes for a
quick preliminary agreement with China, driving support for safe-haven assets.
* London's FTSE 100 dropped to a two-month low on its fourth day in the red
on Tuesday, as U.S. President Donald Trump's nonchalance about reaching a trade
deal with China spooked traders. UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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