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UK Stocks-Factors to watch on Oct. 14
Published at 14/10/2021 at 06:39

Oct 14 - Britain's FTSE 100 index is seen opening 38 points higher on Thursday, according to financial bookmakers.

* ENERGY SUPPLIERS: Two more British energy suppliers have ceased trading, regulator Ofgem said on Wednesday, taking the total number of firms to go bust since the beginning of September to 11 as companies struggle with record wholesale energy prices.

* DOE: The U.S. Department of Energy (DOE) awarded a contract to a consortium of companies led by oil major Royal Dutch Shell PLC to demonstrate that a large-scale liquid hydrogen storage tank is feasible at import and export terminals.

* UK MOTOR INSURANCE: Comprehensive motor insurance premiums in Britain fell by 16% in the third quarter compared with a year earlier, the biggest year-on-year drop since 2014, a survey by Willis Towers Watson and showed on Thursday.

* GOLD: Gold prices eased off a one-month high on Thursday as better-than-expected U.S. consumer price data raised bets the Federal Reserve would tighten its policy earlier than anticipated.

* OIL: Oil prices climbed on Thursday, reversing previous losses, as a bigger-than-expected draw in U.S. gasoline and distillate stocks prompted buying.

* London's FTSE 100 rose on Wednesday, lifted by gains in shares of homebuilders after Barratt Developments posted strong earnings, but worries about a possible early interest rate hike by the Bank of England kept sentiment in check.


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


> Financial Times

> Other business headlines

(Reporting By Geetha Panchaksharam)