UK Stocks — Factors to watch on Nov 19

LONDON, Nov 19 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) is seen slipping 8 to
14 points at open on Friday, retreating slightly after strong gains the previous
session, as investors await the next development in the Irish debt saga.

The blue-chip index is seen falling as much as 0.2 percent by financial
bookmakers after it ended 1.3 percent higher at 5,768.71 on Thursday as banks
gained on hopes of a deal to ease Ireland’s debt crisis.

Ireland’s central bank chief said on Thursday he expected Dublin to receive
tens of billions of euros in loans from European partners and the IMF to provide
contingency capital for its shattered banks. [ID:nLDE6AH0HV]

Hopes that the Irish debt situation will soon be resolved helped lift stocks
on Wall Street and Asia.

The euro briefly got a marginal boost after Federal Reserve Chairman Ben
Bernanke gave a full-throated defence against criticism of the bank’s
controversial bond-buying programme, showing no signs of backing away from
implementing the plan.

The U.S. Federal Reserve Chairman Ben Bernanke reiterated the case for the
Fed to act now in the text of a speech for delivery to a conference at the
European Central Bank in Frankfurt later in the day. The text was released ahead
of his scheduled Friday appearance. [ID:nN18107490]

However tempering any return to investor optimism were worries that China
may adopt more stringent measures to keep inflation under check, including a
drastic rise in key interest rates.

* Euro holds gains after rebound but resistance looms [ID:nTOE6AI026]

* Oil erases gains as Asian stocks pull back [ID:nLDE6AI01T]

* PRECIOUS-Gold holds gains as Ireland worry eases [ID:nSGE6AI05V]

* METALS-Shanghai copper up on ease in euro zone debt worries[ID:nL3E6MJ016]

* TREASURIES-Bonds fall as Ireland, data prompt more unwinds [ID:nLDE6AI01S]

* GLOBAL MARKETS-Asian markets up on U.S., Europe cheer [ID:nSGE6AI03C]

* Wall St surges on Irish hopes, tight range seen ahead [ID:nN18120609]

* Nikkei hits fresh 5-month high; technicals help [ID:nTOE6AI01X]

UK stocks to watch on Friday are:

BP (BP.L: )

BP’s Alaska unit should have its criminal probation revoked and be subject
to additional penalties because the company continued negligent behaviour even
after pleading guilty over its 2006 Prudhoe Bay pipeline spill, a federal
probation officer said. [ID:nN18109342]

ROYAL DUTCH SHELL (RDSA.L: )

The energy company shut a 325,000 barrel-per-day crude oil pipeline running
between Houma, Louisiana, and Houston, Texas, after a leak was discovered on
Tuesday near Vinton, Louisiana, trade sources said on Thursday. [ID:nN18110073]

ARM HOLDINGS (ARM.L: ), IMAGINATION TECHNOLOGIES (IMG.L: )

British chip designer ARM (ARM.L: ) said it wants to edge aside Imagination
Technologies (IMG.L: ) and take market leadership in graphics chips as well as its
core chips for mobile phones and other electronic devices. [ID:nLDE6AH242]

SHIRE (SHP.L: )

The drugmaker believes its record in developing medicines to treat rare
diseases, mostly affecting one in 100,000 people or fewer, will help it maintain
a lead over bigger rivals that are targeting the sector. [ID:nLDE6900KC]

LOGICA (LOG.L: )

The head of British IT services provider Logica hopes to reach operating
profit margin of 10 percent within five years, he said on Thursday, when asked
about profitability view going forward. [ID:nLDE6AH20S]

ITV (ITV.L: )

British broadcaster ITV (ITV.L: ) will keep considering the possibility of
paying a dividend given its newly strong balance sheet, but investing in
programmes is more urgent, its chief executive said on Thursday. [ID:nLDE6AH23R]

BALFOUR BEATTY (BALF.L: )

The housebuilder will acquire certain parts of Rok’s new build affordable
and general construction division. [ID:nWLA8512]

FULLER SMITH & TURNER (FSTA.L: )

The brewer releases its first half results.

ROTORK (ROR.L: )

The manufacturer releases first half results.

TODAY’S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]
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UK Stocks — Factors to watch on Nov 19