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UPDATE 1-UK Stocks-Factors to watch on June 29

Stock MarketsJun 29, 2020 08:35
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June 29 (Reuters) - Britain's FTSE 100 index (.FTSE) is seen opening 28 points lower at 6,131 on Monday, according to financial bookmakers, with futures (FFIc1) down 0.68% ahead of cash markets open.

* LOOKERS: Car dealership network Lookers (LOOK.L) said a draft report by the company's auditor had identified 19 million pounds ($23.5 million) of non-cash adjustments necessary to correct overstatements in profitability over several years.

* HUNTING: Oil industry manufacturer and services provider Hunting Plc (HTG.L) said it has cut 25% of its workforce.

* NSF: Subprime lender Non-Standard Finance (NSF.L) said U.S. asset manager Ares has agreed to extend a waiver on a 200 million pound ($247.44 million) securitisation facility.

* INDIVIOR: British drugmaker Indivior INDV.L said it had appointed Mark Crossley as chief executive to replace Shaun Thaxter.

* MORSES CLUB: Online accounts provided by lender Morses Club MCLM.L have been frozen following action by British regulators against the UK unit of collapsed payments services firm Wirecard (LON:0O8X).

* BHP: BHP Group (BHP.AX), (BHPB.L) has completed its first blockchain trade in iron ore with China Baoshan Iron & Steel Co Ltd (600019.SS).

* RIO: Rio Tinto (RIO.AX) (RIO.L) said Mongolia would build a coal-fired plant that would supply power to its giant Oyu Tolgoi copper mine in the country, with construction set to start by this time next year.

* ENERGY: Britain's energy market regulator Ofgem is consulting on plans to strengthen support measures being offered during the coronavirus pandemic.

* BRITISH AIRWAYS: British Airways, which has said it needs to cut 12,000 jobs and proposed pay cuts for cabin crew, has reached a deal with its pilots that will see 350 laid off.

* ASTRAZENECA: Brazil announced on Saturday that it had signed a $127 million agreement to start producing locally an experimental vaccine developed by AstraZeneca (AZN.L).

* PETRA DIAMONDS: Petra Diamonds (PDL.L) has put itself or parts of its business up for sale, the Africa-focussed miner said.

* UNILEVER: Unilever PLC (ULVR.L) said it will stop advertising on Facebook (FB.O), Instagram and Twitter (NYSE:TWTR) in the United States for the rest of the year.

* BERKELEY: British homebuilder Berkeley Group (BKGH.L) said its chairman and co-founder, Tony Pidgley, died suddenly on Friday.

* OIL: Oil prices slid for a second straight session as coronavirus cases rose in the United States and other places.

* The UK blue-chip index (.FTSE) closed up 0.2% on Friday, as investors weighed optimism about a revival in business activity against a surge in global coronavirus infections.

* UK CORPORATE DIARY:

Hunting (HTG.L) HY Sales/Trading Stmt Releases

* 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

UPDATE 1-UK Stocks-Factors to watch on June 29
 

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