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UPDATE 1-UK Stocks-Factors to watch on Nov 24
Published at 24/11/2020 at 07:47

(Adds futures, news items)

Nov 24 - Britain's FTSE 100 index is seen opening 37 points higher at 6,371 on Tuesday, according to financial bookmakers, with futures up 0.4% ahead of the cash market open.

* PHOENIX GROUP: Insurer Phoenix Group is assessing a range of strategic options for its European businesses after recent expressions of interest from third parties, it said.

* COMPASS: Compass Group reported a 75.5% slump in annual pretax profit, as the coronavirus crisis slashed the number of school pupils and office workers eating at its canteens and dinner halls over the past months.

* AO WORLD: British online electricals retailer AO World reported a 53.2% jump in first half revenue and swung into profit as consumers purchased more domestic appliances to help get them through the COVID-19 pandemic.

* IQE: British technology firm IQE said on Tuesday its founder and chief executive officer, Drew Nelson, plans to step down from the company.

* CRANSWICK: Meat processor Cranswick Plc reported a higher first-half profit on "robust" demand across all of its categories buoyed by a shift towards greater in-home consumption driven by the COVID-19 pandemic.

* OCTOPUS ENERGY: Britain's Octopus Energy announced plans to supply retail power to customers in Germany, home to big established utilities, but is open to newcomers.

* ASTRAZENECA: The Philippines is close to concluding talks with AstraZeneca

for the supply of at least 20 million doses of its COVID-19 vaccine, a top coronavirus task force official said on Monday.

* GREENCORE: Food group Greencore said on Monday it plans to raise cash by issuing new shares after reporting an 81% plunge in annual profit due to the COVID-19 crisis.

* JD SPORTS: JD Sports is in exclusive talks with British department store chain Debenhams over a potential rescue takeover, the Times reported on Monday.

* GOLD: Gold slipped as progress on a COVID-19 vaccine and a federal agency's approval of U.S. President-elect Joe Biden's transition to the White House bolstered risk appetite, denting the bullion's safe-haven appeal.

* OIL: Brent crude prices hit their highest levels since March as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand.

* The UK blue-chip index closed 0.3% lower on Monday.

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


> Financial Times

> Other business headlines

(Reporting by Priyanshi Mandhan; Editing by Vinay Dwivedi)