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UPDATE 1-UK Stocks-Factors to watch on Nov 25

Published 11/25/2019, 03:41 PM
Updated 11/25/2019, 03:48 PM
UPDATE 1-UK Stocks-Factors to watch on Nov 25

(Adds future, news items)
Nov 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 24
points higher at 7,351 on Monday, according to financial bookmakers, with
futures FFIc1 up 0.4% ahead of the cash market open.

* JUST EAT: Britain's Just Eat JE.L advised shareholders not to accept a
710 pence-a-share cash offer from Prosus PRX.AS , saying it was inferior to its
agreed deal with Takeaway.com TKWY.AS to create the largest food delivery
player outside China. * EUROMONEY: Euromoney has agreed to buy specialist news firm Wealth-X as
part of its push to widen its portfolio of business-to-business information
providers, the company said. * ICAG: British Airways, part of International Consolidated Airlines Group
ICAG.L , and its pilots' union BALPA have reached a preliminary agreement to
end the pay dispute that resulted in the first walkout by pilots in the
airline's history, the union said on Friday. * BP/GLENCORE: Russian oil producer Surgutneftegaz SNGS.MM has sold four
740,000-barrel cargoes of ESPO blend crude ESPO-DUB for loading in the second
half of January at lower premiums via two spot tenders last week, trade sources
said. The buyers were likely BP BP.L , Glencore GLEN.L , and ChinaOil.
* BREXIT: Prime Minister Boris Johnson, facing a Dec. 12 election, promised
23.5 billion pounds ($30.15 billion) of "sensible" tax cuts and extra day-to-day
spending which he sought to contrast with the opposition Labour Party's much
more radical plans. * WOODFORD: Market watchdogs in the European Union will launch coordinated
checks next year on whether asset managers are flouting liquidity rules after
the shuttered Woodford fund in Britain has raised questions, a top EU regulator
said on Friday. * OIL: Oil prices rose on Monday as positive noises from Washington over the
weekend rekindled hopes in global markets that the United States and China could
soon sign an interim deal to end their bitter trade war. * GOLD: Gold prices edged down to a one-week low after the United States and
China expressed willingness to sign an initial trade deal by the year-end,
lifting demand for riskier assets and boosting the dollar. * The UK blue chip index .FTSE surged more than 1% on Friday after two
days of selling, as investors turned cautiously optimistic about a Sino-U.S.
trade deal and exporter stocks rose after the pound weakened on downbeat U.K.
Purchasing Managers' Indexes (PMI) data. UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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