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UPDATE 1-UK Stocks-Factors to watch on June 17

Published 17/06/2020, 06:25
© Reuters.

Britain's FTSE 100 (.FTSE) index is seen opening 15 points higher at 6,258 on Wednesday, according to financial bookmakers.

* DE LA RUE: De La Rue (DLAR.L) said it was planning to raise around 100 million pounds ($125.74 million) in new equity and would cut jobs at its Gateshead site.

* SSE: British utility SSE Plc (SSE.L) posted a better-than-expected annual pre-tax profit, but warned of a hit to its profit for current year.

* BOOHOO: Online fashion group Boohoo (BOOH.L) forecast annual results to be ahead of market expectations after first-quarter revenue jumped 45%.

* BERKELEY: British housebuilder Berkeley Group Holdings Plc (BKGH.L) reported a 35% fall in annual profit as it sold fewer homes in a market.

* DOMINO'S PIZZA: Domino's Pizza Group DOM.L said it expects first-half core earnings to be slightly lower, hit by additional costs.

* KINGFISHER: Home improvement group Kingfisher (KGF.L) said its underlying sales increased 21.8% year-on-year in its second quarter so far to June 13.

* HSBC: HSBC (HSBA.L) is resuming a massive redundancy plan it had put on ice following the outbreak of coronavirus, and will cut 35,000 jobs over the medium term.

* WILLIAM HILL: British bookmaker William Hill (WMH.L) on Tuesday launched an issue of shares worth up to 20% of its share capital.

* ASSET MANAGERS: Six asset managers including M&G (MNG.L) and Legal & General (LGEN.L) said they were keeping property funds totalling more than $7.5 billion in assets frozen.

* BARCLAYS: A senior British bank lobbyist has resigned over comments he made in 2008 about businesswoman Amanda Staveley, who arranged billions of pounds of rescue financing for Barclays (BARC.L).

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* OIL: Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories.

* GOLD: Gold prices eased on Wednesday on hopes of a potential COVID-19 drug and a stronger U.S. dollar.

* METAL: London copper prices rose on Wednesday on hopes for higher demand as the U.S. economy showed signs of a recovery.

* The UK blue-chip index (.FTSE) closed 2.9% higher on Tuesday as expectations of further stimulus from the Bank of England and a report that Washington was preparing a nearly $1 trillion infrastructure proposal helped build on gains.

* UK CORPORATE DIARY

Boohoo Group PLC (BOOH.L) Q1 Trading Stmt Release
SSE PLC (SSE.L) FY Earnings Release
Kingfisher PLC (KGF.L) FY Earnings Release
Domino's Pizza Group PLC (DOM.L) Trading Stmt Release
Berkeley Group Holdings (BKGH.L) FY results
De La Rue (DLAR.L) FY results

* 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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