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UPDATE 1-UK Stocks-Factors to watch on July 3

Published 03/07/2020, 06:31
Updated 03/07/2020, 08:11
© Reuters.

July 3 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 6 points higher at 6,246 on Friday, according to financial bookmakers, with futures (FFIc1) up 0.3% ahead of cash markets open.

CMC MARKETS: Online trading platform CMC Markets (CMCX.L) said its 2021 earnings will exceed the upper end of market consensus.

LAND SECURITIES: Land Securities (LAND.L) said like-for-like sales at its shopping centres was at 80% of the level achieved last year in the two weeks since non-essential retail reopened in England.

FCA: Britain's Financial Conduct Authority proposed extending pandemic relief measures for consumers with car financing contracts or high-cost credit until the end of October.

HSBC: HSBC Holdings Plc (HSBA.L) said it would make new investments in its wealth management and insurance operations in mainland China.

AMIGO: British lender Amigo (AMGO.L) said it had extended a deadline with the Financial Conduct Authority to deal with a backlog of customer complaints and set aside more money to settle them.

RIO TINTO: Rio Tinto (RIO.AX) cut estimated reserves at its underground copper mine extension in Mongolia and confirmed it would face delays and higher costs after ground instability forced it to redesign its mine plan.

RIO TINTO: Turquoise Hill Resources Ltd (TRQ.TO) said it has decided to defer further discussions on any interim funding arrangements with Rio Tinto RIO.L for its Mongolian copper project.

UK FACTORIES: British factories are increasingly planning to lay off workers, a warning sign for the economy as it tries to recover from the coronavirus pandemic, an industry survey showed.

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QUARANTINE RULE: Britain's government will lift its COVID-19 quarantine requirement for people arriving in England from countries including Germany, France, Spain and Italy from July 10. Quarantine rules for people arriving in England from around 50 countries will be lifted, transport minister Grant Shapps said.

SHELL: Oil majors Eni (ENI.MI) and Royal Dutch Shell (RDSa.L) were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would go in corrupt payments to politicians and officials, a prosecutor said.

OIL: Oil prices fell, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world's largest oil consumer, stoked worries that a fuel demand recovery could stall.

GOLD: Gold was flat, trading in a narrow $4 range on Friday, as worries over surging coronavirus cases globally and lingering trade tensions between the United States and China overshadowed strong U.S. jobs data.

The UK blue-chip index (.FTSE) closed up 1.3% on Thursday, as signs of progress in developing a COVID-19 vaccine bolstered hopes of a post-pandemic economic recovery.

UK CORPORATE DIARY:

Fuller, Smith & Turner (FSTA.L) FY results

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

TODAY'S UK PAPERS
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