UK Stocks-Factors to watch on Nov 26

(Adds news items)

Nov 26 - Britain's FTSE 100 index is seen opening lower on Friday, with futures down 1.9%

* ESSENTRA: Essentra Plc said it would begin a review of its packaging division, as the British company looks to focus on its industrial component-making business.

* COMPETITION REVIEWS: Britain's competition regulator said it had secured improved commitments from Google on changes to browser cookies in its "privacy sandbox", and separately flagged concerns on a deal between Konecranes and Cargotec.

* SSP GROUP: SSP Group, owner of the Upper Crust chain of sandwich shops, has appointed industry veteran Patrick Coveney as CEO.

* BP: BP said it had started production at the Platina oilfield offshore Angola, helping Africa's second biggest oil exporter slow a decline in output.

* BLUE PRISM: British robotics software company Blue Prism has agreed to a 1.22 billion pound ($1.63 billion) final takeover offer from U.S. private equity firm Vista Equity, the parties said, topping a proposal from SS&C Technologies .

* CAR OUTPUT: British car output fell by an annual 41.4% last month to its lowest October level since 1956, according to a trade industry body.

* ENERGY CRISIS: Small British energy suppliers Entice Energy and Orbit Energy are ceasing to trade, the regulator Ofgem said in a statement, becoming the latest casualties of soaring wholesale energy costs.

* OIL: Oil prices slid more than 2% on concerns that a global supply surplus could swell in the first quarter following a U.S.-led coordinated release of crude reserves among major consumers and as a new coronavirus variant spooked investors.

* METALS: London copper prices fell as a new variant identified in South Africa and expectations of faster-than-expected U.S. rate hikes fuelled concerns of an economic slowdown.

*GOLD: Gold was set for its worst week in five months, as bullion prices were hammered by increasing bets that the U.S. Federal Reserve would accelerate the pace of stimulus tapering and raise interest rates sooner to curb rising inflation.

* The UK's blue-chip index crept higher for a fourth session on Thursday as gains in consumer stocks offset losses stemming from ex-dividend trading, while pub group Mitchells rose after its sales surpassed pre-pandemic levels.

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Sinchita Mitra in Bengaluru)

First Published: 2021-11-26 07:04:01
Updated 2021-11-26 09:55:46


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