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UPDATE 1-UK Stocks-Factors to watch on Sept 27

Published 27/09/2017, 04:38 pm
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Sept 27

(Adds company news items, futures)

Sept 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points lower on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.37 percent ahead of the cash market open.

* BOOHOO: British online fashion retailer Boohoo BOOH.L raised its full-year revenue outlook for the second time in four months as it reported a 41 percent rise in first-half profit. PLUS500: British spreadbetting firm Plus500 Ltd PLUSP.L said on Wednesday that full-year revenue and profits would be ahead of market expectations. YANCOAL AUSTRALIA: China-backed coal miner Yancoal Australia Ltd YAL.AX said on Wednesday it had exercised its option to buy a 29 percent stake in the Warkworth operation from Japan's Mitsubishi Corp 8058.T for $230 million.

The project had been part of a bidding war between Yancoal and commodity trader Glencore Plc GLEN.L

* ENECO: A commission representing shareholders in Dutch energy company Eneco NV on Tuesday criticised the company's management for trying to influence its sale process. Potential bidders include Shell RDSa.L and Fortum FORTUM.HE , among others. UBER: Uber UBER.UL is expected to tell a British employment appeal tribunal on Wednesday that its drivers are self-employed and not workers entitled to a range of extra benefits, less than a week after the firm was told it would lose its London licence. SHELL: A large fire in an electrical substation shut Royal Dutch Shell Plc's RDSa.L 227,586-barrel-per-day (bpd) Convent, Louisiana, refinery on Tuesday night, said sources familiar with plant operations. DYSON: James Dyson, the billionaire British inventor of the bagless vacuum cleaner, said on Tuesday his company was working on developing an electric car to be launched by 2020. GOLD: Gold was largely unchanged on Wednesday after falling over one percent in the previous session on hawkish comments from U.S. Federal Reserve Chair Janet Yellen, while lingering North Korea worries supported prices. OIL: Brent oil prices rose on Wednesday, hovering around a 26-month high hit in the previous session, after U.S. data showed an unexpected drop in crude stocks as refineries boosted output and amid threats from Turkey to cut crude exports from Iraq. The UK blue chip index closed 0.2 percent lower at 7,285.74 points on Tuesday, although a rise in oil prices lifted energy stocks and a broker upgrade gave support to British American Tobacco (LON:BATS). For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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