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UPDATE 1-UK Stocks-Factors to watch on Oct. 22

Published 22/10/2019, 07:52
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Oct. 22
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(Adds company news items and futures.)

Oct 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points

higher at 7,168 on Tuesday, according to financial bookmakers, with futures down

0.03% ahead of cash markets open.

* WHITBREAD: Hotel chain owner Whitbread Plc WTB.L reported a lower

first-half pretax profit on Tuesday, as the uncertainty surrounding Brexit kept

companies from spending on business travel in the United Kingdom. * RECKITT BENCKISER: British household goods maker Reckitt Benckiser RB.L

has cut its full-year sales forecast for the second time this year, blaming a

drop in retail orders for Mucinex in the United States and a drop in demand for

its Enfamil baby products in China. * PENDRAGON: Car dealer Pendragon PDG.L reported a fall in third-quarter

revenue on Tuesday and said it expects weak consumer confidence in Britain to

continue as the nation figures out how and when it will leave the European

Union. * ANGLO AMERICAN: Miner Anglo American AAL.L said on Tuesday it was on

track to meet annual output targets after production rose 4% in the third

quarter, driven by a ramp up at its Minas-Rio mine in Brazil and rise in coking

coal production. * TRAVIS PERKINS: Travis Perkins Plc TPK.L , Britain's largest distributor

of building materials, on Tuesday halted plans to sell its plumbing and heating

division, citing "unprecedented level" of market uncertainty. * GOLD: Gold was largely muted on Tuesday, weighed down by buoyant Asian

shares that cheered progress in trade talks between the United States and China,

but found support from a lack of clarity in the negotiation details.

* OIL: Oil prices were little changed on Tuesday as lingering worries over a

global economic slowdown that could hurt oil demand offset some signs of

progress in U.S.-China trade talks. * The UK blue chip index closed 0.2% higher on Monday. * For more on the factors affecting European stocks, please click on:

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TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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