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UPDATE 1-UK Stocks-Factors to watch on Aug. 4

Published 04/08/2020, 06:19
Updated 04/08/2020, 07:56
© Reuters.

Aug 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 12 points lower at 6,021 on Tuesday, according to financial bookmakers, with futures FFIc1 down 0.1% ahead of cash markets open.

EASYJET: British low cost airline easyJet said it planned to fly about 40% of its capacity over the rest of the summer, more than it had originally scheduled on better than expected booking demand.

DIAGEO: Diageo Plc (DGE.L), the world's largest spirits maker, reported a bigger-than-expected decline in underlying net sales as demand for its whiskies, vodka and gin fell in all markets except North America.

BABCOCK: British engineering group Babcock International's (BAB.L) underlying profits slumped about 40% in the first quarter as higher costs from the coronavirus downturn hurt its operations, while sales from its core business grew slightly.

CENTAMIN: Gold miner Centamin Plc (CEY.L) reported higher first-half pretax profit, buoyed by increased output from its Sukari mine in Egypt and rising bullion prices on coronavirus driven safe-haven demand.

DIRECT LINE: Britain's biggest car insurer Direct Line (DLGD.L) boosted its interim dividend and declared a special payout to make up for cancelling its 2019 dividend, after reporting a small drop in first-half operating profit.

NMC: Hospital operator NMC Health has secured a $250 million financing facility which will allow it to continue to provide healthcare, its administrators Alvarez & Marsal said.

BREXIT: The British government has urged medicine suppliers to prepare for the country's exit from the EU single market and customs union on Dec. 31 by building up six weeks' worth of stocks in case of disruption to imports.

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OIL: Oil prices slid amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output.

GOLD: Gold prices held steady near record highs on Tuesday as worries over the global economic fallout from mounting COVID-19 cases offset pressure from a rebound in the U.S. dollar.

METAL: London copper prices edged lower, extending a narrow-range trading pattern as investors weighed bullish and bearish factors following a rally over the past few months.

The UK blue-chip index (.FTSE) closed up 2.3% on Monday, as an uptick in UK factory activity tied in with similar data from Germany and United States to raise economic recovery hopes.

UK CORPORATE DIARY:

Keller Group PLC (LON:KLR) HY Earnings Releases
Rotork PLC (LON:ROR) HY Earnings Releases
Diageo PLC (LON:DGE) FY Earnings Releases
BP PLC (LON:BP) Q2 Earnings Releases
Babcock International Group PLC (LON:BAB) Trading Statement
Spectris PLC (LON:SXS) HY Earnings Releases
Direct Line Insurance Group PLC (LON:DLGD) HY Earnings Releases
easyJet Plc (EZJ.L) Q3 Trading statement

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