UPDATE 1-UK Stocks-Factors to watch on Oct 16
Reuters
Published Oct 16, 2020 06:15
Updated Oct 16, 2020 08:10
Oct 16 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 29 points higher at 5,862 on Friday, according to financial bookmakers, with futures up 0.66% ahead of the cash market open.
Man Group: British hedge fund manager Man Group (EMG.L) reported a 4.4% rise in funds under management, as it saw a recovery in markets after a steep selloff earlier in the year when most of the world was under coronavirus-induced lockdowns.
Jupiter Fund Management: Jupiter Fund Management 's assets under management rose by 16.5 billion pounds in the third quarter to 55.7 billion pounds due to the acquisition of rival Merian Global Advisers, though it saw 1 billion pounds in net outflows, it said on Friday.
Superdry: British fashion retailer Superdry (SDRY.L) said on Friday Chief Financial Officer Nick Gresham has decided to step down with immediate effect.
J D Wetherspoon: The head of British pub operator J D Wetherspoon (JDW.L) warned on Friday of the threat posed to his industry and the wider economy from measures to try to contain the coronavirus, after the company sank to an annual loss.
Rio Tinto: Rio Tinto (RIO.AX) (RIO.L) warned on Friday that a resurgence in coronavirus cases was putting global economic growth at risk, and that steel production outside China has sharply dropped even as stimulus measures prop up demand in the top consumer.
Transport for London: The British government is offering Transport for London a further 1 billion pounds bailout with demands that the transport operator raise fares and curb the remaining free travel entitlements for children and pensioners, a source familiar with the matter said on Thursday.
Shell: Shell Canada (RDSa.L) has abandoned plans for the possible sale of its Sarnia Manufacturing Centre, it said on Thursday, confirming an earlier media report.
Capita: British outsourcing group Capita Plc (CPI.L) received lower-than-expected final offers for its Education Software Solutions unit, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
The UK blue-chip index (.FTSE) closed 1.7% lower, a near-two week low on Thursday as concerns over new coronavirus restrictions and Brexit-related uncertainty prompted investors to book profits after a rally earlier in the month.
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UK corporate diary:
Man Group Plc (EMG.L) Q3 trading statement
J D Wetherspoon (JDW.L) FY results
Jupiter Fund Management Plc (JUP.L) Q3 trading statement
Written By: Reuters
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