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UPDATE 1-UK Stocks-Factors to watch on June 25

Published 25/06/2020, 06:59
Updated 25/06/2020, 08:09
© Reuters.

ROYAL MAIL: Britain's Royal Mail (RMG.L) laid out restructuring plans that will affect around 2,000 management roles and see it save 130 million pounds in staffing costs next year.

LSE: The London Stock Exchange said it had appointed Anna Manz as chief financial officer from November.

BAE SYSTEMS: British defence company BAE Systems (BAES.L) said first-half profit would be impacted by the coronavirus pandemic, but its second-half performance would be much stronger.

NON-STANDARD FINANCE: British lender Non-Standard Finance (NSF.L) raised doubts on its ability to continue as a going concern, with the coronavirus crisis halting lending.

ASTRAZENECA: AstraZeneca (AZN.L) is eyeing the further growth of its respiratory treatments business as a three-drug inhaler was shown to prevent flare-ups and death in cases of smoker's lung.

INSURANCE: An action group representing almost 400 British businesses shut by the coronavirus pandemic has made a bid to team up with Britain's markets watchdog to bolster a High Court case to decide which insurers should pay out.

EASYJET: Budget airline easyJet (LON:EZJ) said it had raised about 419 million pounds ($520.5 million) through a share placing to help it withstand the COVID-19 pandemic.

MITIE GROUP: Mitie Group PLC (LON:MTO) is in advanced discussions to buy Interserve (LON:IRV)'s facilities management arm for more than 250 million pounds ($310.45 million).

PRIVATE BANKER: Coutts, British wealth manager and private banker to the Queen, plans to cut carbon emissions in its funds and portfolios by 25% before the end of 2021.

OIL: Oil prices slipped, extending losses of more than 5% in the previous session, weighed down by record high U.S. crude inventories.

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GOLD: Gold edged lower, easing off a near eight-year high hit in the last session, as a selloff in equity markets driven by a surge in coronavirus cases prompted some investors to dump assets.

The UK blue-chip index .FTSE close down 3.1% on Wednesday, as a spike in novel coronavirus cases across the globe compounded fears of a second wave of the pandemic.

UK CORPORATE DIARY:

Royal Mail (RMG.L) FY Earnings Releases
Auto Trader Group (AUTOA.L) FY Earnings Releases
Mitie Group (MTO.L) FY Earnings Releases
Redcentric (LON:RCN) (RCN.L) FY Earnings Releases
N Brown Group (BWNG.L) FY 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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