October 5, 2018 / 6:41 AM / 2 years ago

UPDATE 1-UK Stocks-Factors to watch on Oct 5

(Adds company news items and futures)

Oct 5 (Reuters) - Britain’s FTSE 100 index is seen opening 21 points higher at 7,440 on Friday with FTSE 100 futures up 0.14 percent ahead of the cash market open, according to financial bookmakers.

* UNILEVER: Unilever on Friday said its board had withdrawn its proposal to move to the Netherlands, after a growing tide of opposition by UK shareholders.

* CENTAMIN: Gold miner Centamin Plc cut its annual production target and reported a 25 percent drop in quarterly output, hit by delays in planned operational improvements.

* INTU: A consortium including British billionaire John Whittaker and Canada’s Brookfield Asset Management is considering a bid for Intu Properties, the 2 billion-pound ($2.6 billion) shopping centre owner.

* GOLD: Gold prices held steady early Friday as investors remained cautious after U.S. Treasury yields hit multi-year peaks and ahead of monthly employment data, which if stronger could boost the Federal Reserve’s case for a tighter monetary policy.

* OIL: Oil prices rose on Friday as traders focused on U.S. sanctions against Iran’s crude exports that are set to start next month to tighten global markets.

* The UK blue chip index fell 1.2 percent to 7,418.34 points on Thursday as rising U.S. yields took their toll across global stock markets.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times

> Other business headlines (Reporting by Tanishaa Nadkar in Bengaluru)

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