UK Stocks-Factors to watch on May 28

UK Stocks-Factors to watch on May 28

Reuters  | May 28, 2020 06:50

UK Stocks-Factors to watch on May 28

May 28 (Reuters) - Britain's FTSE 100 index is seen opening 42 points higher on Thursday, according to financial bookmakers.

* ASTRAZENECA: AstraZeneca PLC (LON:AZN) is testing one of its diabetes drugs as a treatment for COVID-19. 

* IWG: IWG PLC (LON:IWG) intends to raise about 315 million pounds by issuing new shares, the British office space provider said on Wednesday. 

* RIO TINTO: Rio Tinto PLC (LON:RIO) said on Wednesday it has developed a process to extract the rare earth scandium from its titanium dioxide production process.

* ECONOMY: Britain's economy is at risk of taking longer to recover from the impact of the coronavirus than in the main scenario published by the Bank of England earlier this month, Governor Andrew Bailey said on Wednesday.

* HYDROXYCHLOROQUINE: An international hydroxychloroquine trial led by the University of Oxford has been paused, Britain's pharmaceutical regulator said on Wednesday.

* JOBS: British employers turned a bit less pessimistic about hiring and investment this month as the government moved to relax its coronavirus lockdown of much of the economy, according to a survey published by a recruiting industry body.

* METALS: Copper prices in London rose on hopes of increasing demand for the red metal as more countries around the world restarted their economies following months-long lockdowns.
* GOLD: Gold edged up after hitting a two-week low in the previous session as the rift between Washington and Beijing over Hong Kong escalated.

* London-listed stocks notched up their strongest close since early March on Wednesday amid sustained hopes of an economic recovery from the coronavirus pandemic.

UK CORPORATE DIARY:
PayPoint FY Earnings
Daily Mail and General Trust HY Earnings

* 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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