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UK Stocks-Factors to watch on June 9

Published 09/06/2020, 07:01
Updated 09/06/2020, 07:11
© Reuters.

June 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 6 points higher at 6,478 on Tuesday, according to financial bookmakers.

* BARCLAYS: British businesswoman Amanda Staveley's private equity firm told London's High Court on Monday it had received a "substantially worse" deal than Qatar when its syndicate invested billions of pounds in Barclays BARC.L during the financial crisis in 2008.

* SHELL: Royal Dutch Shell PLC RDSa.L said it will restart drilling and begin redeploying some non-essential personnel on some of its offshore assets in the Gulf of Mexico on Monday and Tuesday as conditions improve following tropical storm Cristobal.

* ASTRAZENECA: A merger between AstraZeneca AZN.L and Gilead Sciences Inc (NASDAQ:GILD) GILD.O is unlikely due to significant political hurdles, Wall Street analysts said on Monday after a Bloomberg report that the British drugmaker last month had contacted its U.S. rival about a deal.

* OIL: Oil prices climbed as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains were capped by the spectre of persistent oversupply in the market.

* GOLD: Gold prices rose as the U.S. dollar hovered near a three-month low and amid fears of a deep economic fallout from the coronavirus crisis, while investors focused on the U.S. Federal Reserve meeting for clues on policy measures.

* The UK blue-chip index .FTSE closed 0.2% lower on Monday, after a series of strong sessions as heavyweight AstraZeneca slipped on a report that it had approached Gilead Sciences for a merger, while broader concerns over corporate debt also weighed.

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UK CORPORATE DIARY:

RWS Holdings Plc RWS.L HY earnings release

CML Microsystems Plc (LON:CML) CML.L FY earnings release

Oxford Instruments Plc OXIG.L  FY earnings release

Big Yellow Group Plc BYG.L FY earnings release

British American Tobacco (JO:SNHJ) Plc BATS.L Q1 pre-close trading update

Bellway Plc BWY.L Trading statement release

Aveva Group Plc AVV.L FY earnings release

* 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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