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UK Stocks-Factors to watch on Nov 16

Published 16/11/2020, 05:47
Updated 16/11/2020, 05:49
© Reuters.

Nov 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 44 points higher at 6,361 on Monday, according to financial bookmakers.

BREXIT: There has to be a breakthrough this week on a post-Brexit trade agreement, British and Irish ministers said on Sunday, as London's top negotiator went back into talks saying progress had been made in recent days.

BP: Working on an oil rig operated by BP Plc BP.L nearly 190 miles (305 km) offshore in the Gulf of Mexico, the company is programming Spot to read gauges, look for corrosion, map out the facility and even sniff out methane on its Mad Dog rig.

GREGGS: British baker Greggs GRG.L will cut 820 shop staff jobs as it expects trading to remain below normal for the foreseeable future due to the COVID-19 pandemic, a company spokeswoman confirmed on Friday.

NAKED WINES: Online wine seller Naked Wines WINEW.L said on Friday its website is up and running after being down for about an hour due to a surge in early Christmas shopping that led to unprecedented online demand amid the second lockdown.

JD SPORTS: Britain's Competition and Market Authority (CMA) said on Friday it may appeal a tribunal's judgement which found the regulator did not gather enough information about the impact of the coronavirus when assessing JD Sports' JD.L takeover of smaller rival Footasylum.

GOLD: Gold prices touched a one-week high propped up by a weaker dollar, while mounting U.S. coronavirus cases escalated concerns of the pandemic's impact on economic recovery underpinning hopes of further monetary stimulus.

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OIL: Oil prices climbed, recouping some losses from the previous session as hopes that OPEC+ will hold current output curbs offset concerns about weaker fuel demand due to rising COVID-19 cases and higher production from Libya.

The UK blue-chip index .FTSE closed 0.4% lower on Friday on concerns over rising COVID-19 infections and as a stronger pound pressured exporters, although the index still logged its best weekly gain since April on hopes of an effective vaccine.

UK CORPORATE DIARY:

Vodafone Group Plc

VOD.L

HY earnings Diploma Plc

DPLM.L FY earnings

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