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UPDATE 1-UK Stocks-Factors to watch on July 27

Published 27/07/2020, 06:19
Updated 27/07/2020, 08:06
© Reuters.

July 27 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 15 points higher at 6,139 on Monday, according to financial bookmakers, with futures up 0.1% ahead of cash markets open.

RYANAIR: Ryanair (LON:RYA) is not planning to reduce capacity flying to Spain after the British government's "regrettable" decision to advise against all non-essential travel to the country's mainland due to COVID-19.

ASTRAZENECA: AstraZeneca could pay up to $6 billion to Japan's Daiichi Sankyo 4568.T to develop and market a type of targeted cancer treatment in the second multi-billion dollar cancer drug collaboration between the two companies.

CITY PUB: City Pub Group (CPC.L) said it traded profitably in its first three weeks after opening, but revenues were just 63% of the equivalent period last year.

EI GROUP: Slug and Lettuce pub owner Stonegate sold 1.2 billion pounds of bonds on Friday to finance its acquisition of rival (Ei Group), the company said on Friday.

INDIVIOR: Indivior Plc has agreed to pay $600 million and have a subsidiary plead guilty to a felony charge to resolve U.S. allegations that it engaged in an illegal scheme to boost prescriptions of its opioid addiction treatment Suboxone.

HSBC: HSBC on Saturday denied Chinese media reports that it had "framed" Huawei Technologies and played a role in the arrest of the chief financial officer of the world's biggest telecoms equipment maker.

ANTOFAGASTA: The union of workers at Antofagasta's Zaldivar copper mine in northern Chile told Reuters it had reached a contract deal with the Chilean-based miner, averting the risk of a walk-off.

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EASYJET/BRITISH AIRWAYS: EasyJet and British Airways told customers on Saturday they did not plan to cancel flights over the coming days, after Britain's government advised against all non-essential travel to mainland Spain due to COVID-19.

GOLD: Gold prices jumped to record highs on Monday as an intensifying U.S.-China row hammered the dollar and cemented expectations that central banks would continue pumping out stimulus to ease the economic pain from a worsening coronavirus pandemic.

OIL: Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.

The UK blue-chip index (.FTSE) ended down 1.4% on Friday, as souring U.S.-China relations weighed and marked weekly losses as concerns over the coronavirus and uncertainty over a vaccine spurred a selling-out of equities.

For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
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