UK stock market factors to watch on November 19

Nov. 19 (Reuters) – Britain’s FTSE 100 Index (.FTSE) is expected to open higher with futures contracts rising 0.50% on Friday.

* KINGFISHER: UK home improvement retailer Kingfisher (KGF.L) is forecasting full-year profit at the top of the £ 910 million to £ 950 million range ($ 1.23 billion to $ 1.28 billion dollars) previously guided after reporting strong third quarter sales on two year basis. Read more

* GREAT PORTLAND ESTATES: London-based commercial property developer Great Portland Estates Plc (GPOR.L) raised its outlook for annual rental value and joined bigger rivals to reconnect with intermediate profits, supported by strong rental momentum. Read more

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* NATIONWIDE BUILDING SOCIETY: Nationwide Building Society (NBS.L) said its half-year profits more than doubled as it benefited from Britain’s economic rebound. Read more

* RETAIL SALES: Auction houses and shoppers looking for new clothes for the Christmas holidays increased UK retail sales last month more than expected, adding to recent signs that a slowdown in the economy may have eased slightly. Read more

* UNILEVER: Unilever Plc (ULVR.L) has agreed to sell its global tea business to CVC Capital Partners for 4.5 billion euros ($ 5.1 billion). Read more

* GB GROUP: Data intelligence specialist GB Group (GBGP.L) announced on Thursday that it would acquire its US counterpart Acuant Intermediate for an enterprise value of $ 736 million.

* OIL: Oil prices stabilized as investors paused after a day of wild swings sparked by the prospect of coordinated action by the world’s major economies to release official crude reserves from inventories. Read more

* GOLD: Gold prices edged up but were set for their first of every three weekly declines as rising inflation fueled bets on faster interest rate hikes and weakened the attraction of bullion. Read more

* Britain’s FTSE 100 ended lower on Thursday as heavy mining and energy stocks followed weak commodity prices. Read more

* To learn more about the factors affecting European equities, please click on:

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Report by Amna Karimi in Bangalore

Our Standards: The Thomson Reuters Trust Principles.

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