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UPDATE 1-UK Stocks-Factors to watch on Oct 20

Published 20/10/2020, 06:51
Updated 20/10/2020, 08:26
© Reuters.

© Reuters.

Oct 20 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 14 points lower at 5,871 on Tuesday, according to financial bookmakers, with futures down 0.30% ahead of cash market open.

Reckitt Benckiser: Reckitt Benckiser (RB.L) reported a bigger-than-expected rise in third-quarter sales that were boosted as the coronavirus pandemic spurred demand for cleaning products.

Hargreaves Lansdown: British fund supermarket Hargreaves Lansdown (HRGV.L) has struck an agreement with co-founder Peter Hargreaves to reflect his ongoing interest in the company after leaving the board in 2015.

Britvic: British soft drinks maker Britvic (BVIC.L) said it expects annual adjusted operating profit to be slightly ahead of market expectations, helped by the reopening of the hospitality sector and strong performance in the at-home channel.

Bellway: Homebuilder Bellway (BWY.L) reported a 43% year-on-year jump in its forward order book as demand for homes picked up after the initial round of lockdowns, while resuming the payment of dividend despite reporting a plunge in full-year profit.

Petra Diamonds: Africa-focussed miner Petra Diamonds (PDL.L) said it had an agreement with its lenders to restructure the group and was abandoning a formal sale process after receiving no offers for the company.

Trainline: Trainline (TRNT.L) Chief Executive Clare Gilmartin will be stepping down from the role in early 2021 after seven years at the helm, while Chief Operating Officer Jody Ford will succeed her, the rail and coach ticketing company said.

British Airways: British Airways' (ICAG.L) new boss appealed to Britain and the United States on Monday to back pre-flight COVID-19 testing with quarantine-free transatlantic travel corridors.

Gold: Gold prices eased on Tuesday, trading in a narrow range, as caution set in ahead of the deadline to reach an agreement on a new U.S. coronavirus stimulus package and the upcoming presidential election.

Oil: Oil prices slipped for a fourth straight day on Tuesday on worries a resurgence of coronavirus cases globally is stifling a promising recovery in fuel demand, while growing output from Libya adds to plentiful supply.

The UK blue-chip index (.FTSE) closed 0.6% lower on Monday.

UK corporate diary:

Bellway Plc (BWY.L) FY results
Reckitt Benckiser Group (RB.L) Q3 trading statement

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