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UPDATE 1-UK Stocks-Factors to watch on Oct 27

Published 27/10/2020, 07:02
© Reuters.
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Oct 27 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 11 points lower at 5,781, according to financial bookmakers, with futures up 0.19% ahead of cash market open.

St. James's Place: Upmarket wealth manager St. James's Place (SJP.L) reported record funds under management of 118.7 billion pounds ($154.70 billion), boosted by third-quarter net inflows of 1.4 billion pounds.

EasyJet: British airline easyJet (EZJ.L) said it raised $398.6 million from the sale and leaseback of nine aircraft to boost its pandemic-hit finances.

Genius Sports: London-based Genius Sports Group Ltd said it would go public through a merger with New York-listed special purpose acquisition company (SPAC) dMY Technology Group Inc II (DMYD.N), valuing it at about $1.5 billion including debt.

Whitbread: Premier-Inn owner Whitbread (WTB.L) reported a loss for the first half and said market performance has slowed since early-October after the government instructed people to work from home and imposed new regional lockdowns.

HSBC: HSBC Holdings PLC (HSBA.L) posted a 35% drop in quarterly profit, better than expected, as higher loan loss provisions on the economic fallout from the COVID-19 pandemic were cushioned by the reining in of expenses.

Rolls-Royce: British aero-engine maker Rolls-Royce Holdings Plc (RR.L) plans to temporarily close factories, reduce working hours and cut benefits as part of new cost-cutting measures, the Financial Times reported on Monday.

Gold: Gold prices rose after a fresh wave of coronavirus infections raised concerns over a global economic recovery and bolstered the precious metal's safe-haven appeal.

Oil: Oil prices eked out small gains after recent sharp losses, but sentiment remained subdued as a surge in global coronavirus cases hit prospects for crude demand while supply is rising.

The UK blue-chip index (.FTSE) closed 1.2% lower on Monday weighed by travel and energy stocks, while a resurgence in novel coronavirus cases stoked fears of a faltering economic recovery and dragged down European markets.

UK corporate diary:

Luxfer Holdings Plc (NYSE:LXFR) Q3 earnings
Whitbread Plc (WTB.L) HY earnings
Bloomsburry Publishing Plc (BLPU.L) HY earnings
Renalytix AI Plc (RENX.L) Q4 earnings
HSBC Holdings Plc (HSBA.L) Q3 earnings
BP Plc (BP.L) Q3 earnings
Hunting Plc (HTG.L) Trading statement
St. James Place Plc (SJP.L) New Business Announcement
First Derivatives Plc (FDPF.L) Q2 earnings

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