UK Stocks-Factors to watch on Nov 14

Nov 14 (Reuters) - Britain’s FTSE 100 (.FTSE) index is seen opening lower on Friday, with futures (FFIc1) down 0.83% * MELROSE INDUSTRIES: GKN Aerospace owner Melrose Industries (MRON.L) reported a 14% rise in revenue for the four months to October 31, lifted by robust demand in aftermarket services and continued strength in its engines division.

• LAND SECURITIES: British commercial landlord Land Securities (LAND.L) raised its annual profit and rental income expectations, supported by robust growth across its retail and office portfolios. * DFS FURNITURE: British sofa retailer DFS Furniture (DFSD.L) said it expects strong year-on-year first-half profit growth, driven by increased order intake and cost control. * MAN GROUP: Man Group (EMG.L) plans to cut London-based jobs and move some roles to Bulgaria in a bid to improve performance, the Financial Times reported, citing people familiar with the matter. * UK BUDGET: British Prime Minister Keir Starmer and finance minister Rachel Reeves have abandoned plans to raise income tax rates, changing course just weeks before the November 26 release of the government’s budget, the Financial Times reported, citing officials briefed on the decision. * UK’S LABOUR MARKET: The downturn in Britain’s labour market abated slightly last month as recruiters reported the first increase in demand for temporary staff in over a year, a survey showed. * OIL: Oil prices jumped about 2% on supply fears after a Ukrainian drone attack hit an oil depot in Novorossiysk. * COPPER: Copper prices retreated, as a slew of weak China data raised demand concerns.
• GOLD: Gold prices edged higher, supported by a weaker dollar, although gains were kept in check by hawkish comments from U.S. Federal Reserve officials dousing hopes of an interest rate cut. * For more on the factors affecting European stocks, please click on: (LIVE/) TODAY’S UK PAPERS
• Financial Times (PRESS/FT)
• Other business headlines (PRESS/GB)