UPDATE 1-UK Stocks-Factors to watch on June 23

UPDATE 1-UK Stocks-Factors to watch on June 23

Reuters  | Jun 23, 2020 08:08

UPDATE 1-UK Stocks-Factors to watch on June 23

June 23 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 32 points higher at 6,277 on Tuesday, according to financial bookmakers, with futures FFlc1 up 0.58% ahead of cash markets open.

INTU PROPERTIES: Cash-strapped British mall operator Intu Properties (INTUP.L) said it had appointed KPMG to plan for a potential move into administration.

RBS: Royal Bank of Scotland RBS.L said it would give business customers another six months to take advantage of incentives to switch their accounts to other banks.

PEPCO: Pepco Group, the owner of British discount retailer Poundland, reported a 16.3% fall in first-half profit to 89 million euros ($100 million).

LSE: European Union antitrust regulators on Monday warned about the possible anti-competitive effects of the London Stock Exchange's $27 billion bid for data and analytics company Refinitiv.

ENTERTAINMENT: Cinemas, museums and galleries in England can reopen from July 4, Prime Minister Boris Johnson will say on Tuesday.

CAR INDUSTRY: Britain's car industry called on the government to introduce additional measures such as a sales tax cut to boost the sector.

HIKMA: Boehringer Ingelheim, a major shareholder in Hikma Pharmaceuticals (HIK.L), is exiting the London-listed drugmaker by selling most of its nearly one billion pound stake to institutional investors.

OIL: Oil prices were volatile after markets were spooked by surprise comments from White House trade adviser Peter Navarro saying a hard-won U.S-China trade deal was "over".

GOLD: Gold eased on Tuesday on expectations of positive manufacturing data from the euro zone.

METAL: Copper prices fell on Tuesday due to concerns over the global economic outlook.

The UK blue-chip index (.FTSE) closed down 0.8% on Monday, as a surge in global coronavirus cases sparked fears of more lockdowns and economic damage.


Cranswick (LON:CWK) PLC (LON:CWK) CWK.L Earnings Releases
Trifast PLC TRFT.L Earnings Releases
St. James's Place PLC SJP.L Sales/Trading Stmt Releases

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

> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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