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UPDATE 1-UK Stocks-Factors to watch on July 14

Published 14/07/2020, 06:37
Updated 14/07/2020, 08:13
© Reuters.

July 14 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 80 points lower at 6,096 on Tuesday, according to financial bookmakers, with futures (FFIc1) down 1% ahead of cash markets open.

ECONOMY: Britain's economy took a first step on the long road to recovery from the COVID-19 crisis in May, as activity began to pick up after lockdown restrictions began to ease.

ASHMORE: A pick up in emerging markets helped boost fund manager Ashmore's (ASHM.L) assets by almost 10% in the second quarter, despite it seeing more than $2 billion in net outflows.

OCADO: Ocado (OCDO.L), the British online supermarket and technology group, said retail revenue soared 27% year-on-year in its first half until May 31.

AO WORLD: British online electricals retailer AO World (AO.L) posted a smaller annual loss on stronger demand since the lockdown in March.

DFS: DFS Furniture (DFSD.L) said annual revenue slumped roughly 27% as deliveries of sofas and furnishings were held up during the coronavirus lockdown.

5G: Britain said that the context on Chinese telecoms equipment maker Huawei's involvement in Britain's 5G network had changed due to the sanctions imposed by the United States on chip technology.

EASYJET: EasyJet's (EZJ.L) new chief operating officer, Peter Bellew, will face a vote of confidence from pilots this week, the British Airline Pilots Association (BALPA) said on Monday.

RETAIL: A release of pent-up demand after the coronavirus lockdown spurred a rebound in retail sales last month, although overall consumer spending remains far below normal levels, surveys showed.

FINANCE: Top central bankers in the United States and Britain said the end-2021 deadline for dropping the Libor benchmark interest rate would not be extended because of the COVID crisis.

OIL: Oil prices fell around 2% in early trade on worries that new clampdowns on businesses to stem surging coronavirus cases in California and other U.S. states could threaten the nascent recovery in fuel demand.

GOLD: Gold prices slipped below the key $1,800 level, as the U.S. dollar strengthened.

METAL: London copper broke a streak of six straight sessions of gains while Shanghai prices also fell, as rising virus cases globally raised fears of a second round of lockdowns.

The UK blue-chip index (.FTSE) closed 1.3% higher on Monday, as the focus turned to the upcoming second-quarter earnings season.

UK CORPORATE DIARY:

Halma PLC (LON:HLMA) (HLMA.L) FY Earnings Releases
Polar Capital Technology Trust (PCT.L) FY Earnings Releases
Omega Diagnostics Group (ODX.L) FY Earnings Releases
Ocado Group (OCDO.L) HY Earnings Releases
AO World (AO.L) FY Earnings Releases
Ashmore (ASHM.L) Q4 AUM statement

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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