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UK Stocks-Factors to watch on October 28

By Reuters News

Oct 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down on Wednesday, with futures down 0.1%.

* GSK: GSK GSK.L beat third-quarter sales and profit expectations, helped by demand for new and specialty medicines.

* UNILEVER: Unilever's ULVR.L third-quarter sales growth beat expectations as higher prices offset commodity costs.

* STANDARD CHARTERED: Standard Chartered STAN.L on Wednesday hiked its income and profitability targets after third-quarter profit handily beat estimates.

* HUNTING: Hunting HTG.L lowered its annual profit forecast again, pressured by the Middle East conflict and attacks in Saudi Arabia.

* UK BUDGET: British finance minister John Healey is set to announce a cautious budget plan on Wednesday as he tries to avoid piling more bond market pressure on the new government of Prime Minister Andy Burnham.

* INDIVIDUAL SAVINGS ACCOUNT: John Healey is to use his Wednesday budget to scrap plans to slash the annual cash Individual Savings Account allowance from £20,000 to £12,000, FT reported on Tuesday.

* GAS BILLS: British finance minister John Healey plans to cut household gas bills by up to £50 ($66.57) in his first budget to be announced on Wednesday, the Telegraph reported on Tuesday.

* THAMES WATER: Global ratings agency S&P downgraded Thames Water Utilities by a notch to "CCC-" on Tuesday.

* COMMODITIES: Oil prices rose, gold prices ticked lower and aluminium rose on Wednesday.


* OTHER RESULTS & TRADING UPDATES:

Aston Martin

AML.L

Q3 results

S4 Capital

SFOR.L

Q3 trading update


* 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

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