UPDATE 1 — UK Stocks — Factors to watch on October 14
(Adds new items, updates futures) October 14 (Reuters) — Britain's FTSE 100 index is seen opening higher Wednesday, with futures up 0.2%. * LSEG: ROBERT WALTERS: Robert Walters returned to net fee growth in the third quarter as cost cuts and stronger UK performance offset weakness in some European markets. ASHMORE: Ashmore reported first-quarter net inflows ahead of expectations. SHELL: Shell has signed an agreement to sell its full interest in the Shell Nigeria Gas Group to Vaaris Energy. GLENCORE: Glencore's shares traded heavily in their debut on Australian Securities Exchange. BIG YELLOW GROUP: Activist investor Ancora has urged Big Yellow Group to launch a strategic review, including a potential sale. RIO TINTO: Rio Tinto said it was on track to release about $5 billion in capital by the end of 2026. OFWAT: Ofwat proposed to cut water bills by £240 million, with Thames Water and Yorkshire Water set to incur the largest penalties for under-performing on targets. BORROWING: UK Finance Minister John Healey is expected to pay for all new givea
2%. * LSEG: ROBERT WALTERS: Robert Walters returned to net fee growth in the third quarter as cost cuts and stronger UK performance offset weakness in some European markets. ASHMORE: Ashmore reported first-quarter net inflows ahead of expectations. SHELL: Shell has signed an agreement to sell its full interest in the Shell Nigeria Gas Group to Vaaris Energy.
GLENCORE: Glencore's shares traded heavily in their debut on Australian Securities Exchange. BIG YELLOW GROUP: Activist investor Ancora has urged Big Yellow Group to launch a strategic review, including a potential sale. RIO TINTO: Rio Tinto said it was on track to release about $5 billion in capital by the end of 2026. OFWAT: Ofwat proposed to cut water bills by £240 million, with Thames Water and Yorkshire Water set to incur the largest penalties for under-performing on targets.
BORROWING: UK Finance Minister John Healey is expected to pay for all new giveaways in this month’s budget, including a cost-of-living package, with higher taxes or spending cuts rather than more borrowing, the FT reported. com, eBay and Temu will be made responsible for collecting tax owed by retailers selling on their platforms, The Times reported. COMPANIES: Large British companies expect inflation and interest rates to rise over the next year and are focussing increasingly on cost-cutting, a Deloitte survey showed. COMMODITIES: Oil prices climbed, gold prices held firm and copper prices rose.
com)