UPDATE 1-UK Stocks-Factors to watch on Aug. 17

UPDATE 1-UK Stocks-Factors to watch on Aug. 17

Reuters  | Aug 17, 2020 07:51

UPDATE 1-UK Stocks-Factors to watch on Aug. 17

Aug 17 (Reuters) - Britain's FTSE 100 index is seen opening 4 points lower at 6,086 on Monday, according to financial bookmakers, with futures down 0.2% ahead of cash markets open.

CRANSWICK: Meat processor Cranswick Plc (CWK.L) said its revenue for the first quarter rose 25%, bolstered by higher demand for its products during the coronavirus crisis.

UNILEVER: Unilever's German food company Knorr will rename its popular "Zigeuner" - or gypsy - sauce as Hungarian-style paprika sauce after complaints that the name is offensive, becoming the latest brand to shift after a wave of protests over racism.

TESCO: U.K.-based retailer Tesco PLC will offer free grocery delivery in a bid to head off Amazon.com's attempt to break into the British online grocery market, according to the Telegraph.

GOLD: Gold eased on Monday, extending a sell-off that left the market with its worst week in five months as caution crept in ahead of the release of U.S. Federal Reserve minutes later this week.

OIL: Oil prices rose on Monday as China's plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.

METALS: Nickel prices advanced on Monday, with Shanghai nickel set for its third straight session of gains, as ore output from top exporter the Philippines slumped in the first half of 2020 due to the COVID-19 crisis.

The UK blue-chip index (.FTSE) fell 1.6% on Friday as travel stocks tumbled after Britain imposed new quarantine measures on travellers from France and other countries, while disappointing data from around the world raised worries of a delayed global economic rebound.

UK CORPORATE DIARY:

Horizon Discovery Group (LON:HZDH) Half Year 2020 Earnings
Cranswick PLC (LON:CWK) Q1 2020 Trading Statement
BHP Group PLC (LON:BHPB) Full Year 2020 Earnings

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