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UPDATE 1-UK Stocks-Factors to watch on Sept. 14

Published 14/09/2020, 07:01
Updated 14/09/2020, 07:08
© Reuters.

Sept 14 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 18 points higher at 6,050 on Monday, according to financial bookmakers, with futures up 0.29% ahead of cash market open.

CLS Holdings: Property investment firm CLS Holdings (CLSH.L) is buying three office buildings in London and Southeast Britain for 60 million pounds from Aviva Investors (AV.L), it said.

SThree: British recruiting firm SThree (STEMS.L) said that underlying sequential performance in the business has been improving since the first half of the year, even as it reported lower group net fees for the third quarter.

Aldi UK: Aldi UK (ALDIEI.UL), the British arm of the German supermarket discounter, said it was trialing a click-and-collect grocery service for the first time.

Vodafone: Vodafone Group (VOD.L) said due diligence regarding the potential sale of its 55% stake in its Egyptian unit VODE.CA to Saudi Telecom Co 7010.SE had been "substantively" completed.

Burberry: Burberry (BRBY.L) said it would livestream its Spring/Summer 2021 fashion show this week in partnership with live video-streaming service Twitch, becoming the first luxury brand to do so.

BP: Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP (BP.L) said in a forecast.

AstraZeneca: AstraZeneca AZN.L has resumed British clinical trials of its COVID-19 vaccine, one of the most advanced in development, after getting the green light from safety watchdogs, the company said on Saturday.

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BT/Dixons carphone: Britain's BT (BT.L) said on Friday its mobile network EE would not renew its contract with retailer Dixons Carphone (DC.L), and would instead focus on its own online and retail channels.

Oil: Oil prices were mixed on Monday with U.S. crude rising as a tropical storm in the Gulf of Mexico forced rigs to shut down, but the gains were kept in check by wider concerns about excess supply and falling demand for fuels.

Gold: Gold prices rose, supported by a weaker dollar and expectations that the U.S. Federal Reserve will adopt a dovish stance at its two-day monetary policy meeting later this week.

The UK blue-chip index (.FTSE) closed 0.5% higher on Friday, on gains in mining heavyweight Rio Tinto (LON:RIO), and marked its best week in more than three months as a weaker pound benefited the exporter-heavy index.

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