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UPDATE 1-UK Stocks-Factors to watch on Aug. 25

Published 25/08/2020, 06:40
Updated 25/08/2020, 06:42
© Reuters.

Aug 25 (Reuters) - Britain's FTSE 100 index is seen opening 16 points higher on Tuesday, according to financial bookmakers, with futures (FFIc1) up 0.5% ahead of cash market open.

Aveva: Technology company Aveva Group (AVV.L) said that it reached a deal to buy OSIsoft, a privately held maker of industrial software used to manage plants and factories, for an enterprise value of $5 billion.

Astrazeneca : AstraZeneca (AZN.L) said it started early stage trials for an antibody-based treatment for the prevention and treatment of COVID-19, as the British drugmaker also ploughs on with its vaccine candidate.

DFS Furniture: British sofa and upholstery retailer DFS Furniture Plc (DFSD.L) said it had been performing significantly ahead of its initial expectations over the last six weeks, with strong demand both online and in its showrooms.

Arrow Global: European investor and asset manager Arrow Global (ARWA.L) posted a loss for the first half of the year, as it booked a non-cash charge of 133.6 million pounds associated with revaluing its balance sheet against the COVID-19-related uncertainty.

Copper: Copper prices gained on Tuesday as news of U.S.-China trade talks boosted sentiment and eased worries over worsening tensions between world's two biggest economies.

Gold: Gold edged higher as the dollar dipped, with investors awaiting U.S. Federal Reserve Chairman Jerome Powell's speech later this week, while a rally in equity markets limited bullion's advance.

Oil: Crude oil prices were mixed as traders weighed massive production cuts in the U.S. Gulf Coast from Tropical Storms Marco and Laura against rising coronavirus cases in Asia and Europe.

The UK blue-chip index (.FTSE) jumped on Monday after U.S. health regulators authorised a COVID-19 treatment over the weekend, while AstraZeneca boosted the index on a report the U.S. government was considering fast-tracking its experimental vaccine.

UK CORPORATE DIARY:

James Fisher and Sons PLC (FSJ.L) Half Year 2020 Earnings Release

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