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UPDATE 1-UK Stocks-Factors to watch on Nov 2

Stock MarketsNov 02, 2020 08:01
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Nov 2 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 13 points lower at 5,564 on Monday, according to financial bookmakers, with futures down 0.27% ahead of cash market open.

Ryanair: Ireland's Ryanair Holdings PLC (RYA.I) posted a loss for its key summer period for the first time in decades, and warned that the COVID-19 crisis could force further cuts and leave capacity next summer as little as half of normal levels.

Hiscox: Insurer Hiscox (HSX.L) said it reserved $75 million for catastrophe claims in the third quarter, with the most active North American wind season on record and another significant wildfire season in California.

Ocado: Ocado (OCDO.L), the British online supermarket and technology group would buy two robotics companies for a total of $287 million.

Associated British Foods: Associated British Foods (ABF.L), the owner of clothing retailer Primark, said it estimated it would lose 375 million pounds ($484 million) of sales from temporary closures of its stores in major markets due to COVID-19 restrictions.

GVC: Ladbrokes (LON:LCL) and bwin owner GVC (GVC.L) warned of a 43 million pound ($55.5 million) hit to profit if its gambling stores remained closed for all of November under Britain's latest coronavirus lockdown.

AstraZeneca: AstraZeneca Plc (AZN.L) said Britain's health regulator had started an accelerated review of its potential coronavirus vaccine.

UK regulator: British Prime Minister Boris Johnson will impose a new month-long national lockdown in England until Dec. 2, said ITV 's (LON:ITV) political editor.

BHP: BHP Group Ltd (BHP.AX), the world's biggest listed miner, said it has submitted a letter of commitment to responsible copper production under the Copper Mark framework, launched by the International Copper Association in April last year.

EasyJet: EasyJet (EZJ.L) is considering options to bolster its finances, and is not against state support to help the airline get through the coronavirus pandemic, said chief executive Johan Lundgren.

Gold: Gold ticked higher as caution crept in ahead of Tuesday's hotly contested U.S. presidential elections, sparking some bids for the safe-haven metal, though a resilient dollar capped gains.

Oil: Oil prices fell more than 3% on worries a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the U.S. presidential election week.

The UK blue-chip index (.FTSE) closed 0.1% lower on Friday, logging its biggest monthly drop since a brutal sell-off in March, as a new wave of regional COVID-19 restrictions threatened a nascent economic recovery. 

UPDATE 1-UK Stocks-Factors to watch on Nov 2
 

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