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UPDATE 1-UK Stocks-Factors to watch on July 21

Published 21/07/2020, 06:39
Updated 21/07/2020, 08:06
© Reuters.

Britain's FTSE 100 (.FTSE) index is seen opening 6 points higher at 6,268 on Tuesday, according to financial bookmakers, with futures (FFIc1) up 0.7% ahead of cash markets open.

OXFORD VACCINE: The University of Oxford's possible COVID-19 vaccine could be rolled out by the end of the year but there is no certainty that will happen, the lead developer of the vaccine said.

GVC: Ladbrokes owner GVC Plc said that Britain's tax regulator had widened its investigation into the gambling company's former Turkish online business to include unidentified entities within the London-listed group.

ICG: British asset manager Intermediate Capital Group (ICP.L) reported a modest on-quarter rise in assets under management as clients stood firm in the face of the impact of the pandemic on their investments.

TED BAKER: British fashion retailer Ted Baker (TED.L) reported a plunge in sales, following store closures due to coronavirus-induced lockdowns.

TALKTALK: British broadband operator TalkTalk (TALK.L) upgraded its guidance for full-year earnings after seeing trading recover in June and July.

UK GOVERNMENT: British government borrowing surged to a record 127.9 billion pounds ($162.28 billion) in the first three months of the 2020/21 financial year, when COVID-19 lockdown measures were tightest.

ASTRAZENECA: An experimental vaccine being developed by AstraZeneca and Oxford University against the new coronavirus produced an immune response in early-stage clinical trials, data showed on Monday, preserving hopes it could be in use by the end of the year.

SYNAIRGENSynairgen (LON:SYNG) shares rose almost sixfold on Monday after the drugmaker said its medicine helped reduce the risk of severe cases in hospitalised patients with COVID-19, but some experts have cautioned against too much optimism in the market.

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BHP Group (BHP.AX) on Tuesday posted a 7% rise in fourth-quarter iron ore output, but warned the resurgence of COVID-19 outbreaks threatened the short-term demand outlook for its key commodities and widened its production guidance range for next year.

RBS: Royal Bank of Scotland has told staff that the "vast majority" can continue to work from home until 2021, despite the British government's decision last week to scrap guidance encouraging people to work from home from next month.

The UK blue-chip index (.FTSE) closed down 0.5% on Monday, with energy stocks tracking a decline in oil prices, while AstraZeneca marked its strongest close ever on optimism over its COVID-19 vaccine.

UK CORPORATE DIARY:

Gresham Technologies (GHT.L) HY earnings release
RPS Group Plc (RPS.L) Q2 trading statement
Intermediate Capital Group Plc (ICP.L) Trading statement
Euromoney Institutional Investor Plc (ERM.L) Q3 trading 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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