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UPDATE 1-UK Stocks-Factors to watch on June 30

Published 30/06/2020, 06:53
Updated 30/06/2020, 08:18
© Reuters.

June 30 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening lower on Tuesday, with futures (FFIc1) down 0.23% ahead of cash markets open.

* GDP: Britain's economy shrank by the most since 1979 in early 2020, according to figures on Tuesday that included the first few days of the coronavirus lockdown.

* ECONOMY: Britain's current account deficit widened by more than expected in the first three months of 2020, official data showed.

* STANDARD LIFE ABERDEEN: British asset manager Standard Life Aberdeen (SLA.L) said that Keith Skeoch would step down as chief executive and be replaced by former Citi executive Stephen Bird.

* ON THE BEACH: Holiday package provider On The Beach Group OTB.L posted a first-half loss hit by cancellations due to the coronavirus crisis.

* CINEWORLD: Cineworld Group (CINE.L) said it would reopen its cinemas in the United States and Britain from Friday 31st July.

* REDROW: British homebuilder Redrow (RDW.L) said it expects its turnover to drop more than a third this year.

* INTERCONTINENTAL HOTELS: InterContinental Hotels Group Plc (IHG.L) posted a 76% slump in average room revenue in May due to coronavirus lockdowns.

* BP : Alaskan officials on Monday approved BP's (BP.L) sale of its oil and gas leases in the state.

* UK BUSINESSES: Confidence among British businesses improved in June for the first time since January.

* WIRECARD: Britain's Financial Conduct Authority said late on Monday it would lift restrictions on German payments company Wirecard AG (WDIG.DE).

* COVID-19 VACCINE: Mexico is in talks with the Chinese government and private Chinese laboratories, as well as the University of Oxford and company AstraZeneca (LON:AZN) about running trials for experimental COVID-19 vaccines.

* DRUG: British scientists said that an antiviral drug commonly used totreat HIV had no beneficial effect in patients hospitalised with COVID-19.

* FRASERS: Mike Ashley's Frasers Group said on Monday it has raised its stake in German fashion house Hugo Boss (BOSSn.DE).

* SHELL: Russia's Surgutneftegaz (SNGS.MM) sold to Shell 100,000 tonnes ofUrals crude oil at a record premium in a spot tender for July 23-24 loading from Primorsk. Royal Dutch Shell (RDSa.L) said it will write down the value of its assets by up to $22 billion after lowering its long-term outlook on oil and gas prices.

* FINANCE: Caps on the fees retailers pay to process debit and credit card transactions have helped push down prices.

* OIL: Oil prices slipped as traders took profits after sharp gains in the previous session and Libya's state oil company flagged progress on talks to resume exports.

* The UK blue-chip index (.FTSE) closed 1.3% higher on Monday, boosted by a weakening pound and a global rally in equities powered by hopes of more stimulus.

UK CORPORATE DIARY:

Shell (RDSa.L) Q2 Update Note
Walker Greenbank PLC (WGB.L) FY Earnings Releases
On The Beach Group PLC (LON:OTB) (OTB.L) HY Earnings Releases

* 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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