UPDATE 1-UK Stocks-Factors to watch on April 28

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) April 28 (Reuters) - Britain's FTSE 100 index is seen opening higher on Friday with futures up 0.31%


* Deutsche Bank: Deutsche Bank said it would buy Numis Corp , a London-based institutional stockbroker and corporate advisor, for about 410 million pounds ($511.43 million) as the German firm deepens links with the UK corporate client segment.
* NatWest: NatWest posted better than expected profit for the first three months of 2023, demonstrating resilience despite unease about Britain's economic outlook amid persistent inflation.
* Pearson: British education group Pearson said it was on track to meet annual guidance after a strong start to the year, and said it would also deliver 120 million pounds ($150 million) of cost efficiencies this year.
*ECONOMY: British businesses were their most optimistic in nearly a year in April, boosted by growing hopes about the economy, according to a Lloyds Bank survey.
* CAR PRODUCTION: British car production rose for a second consecutive month, climbing 6.1% year-on-year in March.
* OIL: Oil prices posted mild gains, but headed for a second week of declines as disappointing U.S. economic data and uncertainty over further interest rate hikes weighed on the demand outlook.
* GOLD: Gold prices were


poised for a second monthly gain as lingering economic concerns and an overall weakness in the dollar drove investors to the safe-haven asset, with markets now focused on the U.S. Federal Reserve's meeting due next month.



* METALS: Prices of copper, viewed as a gauge of economic health, were headed for their


biggest monthly loss since June 2022, dragged by global economic headwinds and weak demand from top consumer China.




* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines ($1 = 0.8017 pounds)
(Reporting by Sinchita Mitra and Anchal Rana in Bengaluru)

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