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UPDATE 1-UK Stocks-Factors to watch on Oct. 1

Published 01/10/2020, 06:20
Updated 01/10/2020, 06:26
© Reuters.

Oct 1 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 25 points higher at 5,891 on Thursday, according to financial bookmakers, with futures up 0.47% ahead of cash market open.

Smith & Nephew: Medical prosthetics maker Smith & Nephew Plc (SN.L) expects its decline in underlying revenue to be just 4% in the third quarter of this year, down from almost 30% in the previous three months when it was suffering heavily from the impact of coronavirus lockdowns and a halt in elective procedures.

Rolls-Royce: Britain's Rolls-Royce (RR.L) said it planned to raise 2 billion pounds from shareholders, 1 billion pounds from the bond market and secure further loans to rebuild its balance sheet after COVID-19.

Premier Oil: Creditors of North Sea-focused Premier Oil (PMO.L) have extended a waiver for the group's debt covenant test until Nov. 5, giving it breathing space to avoid a debt crunch, the company said on Thursday.

De La Rue: Banknote printer De La Rue (DLAR.L) on Thursday named Rob Harding as its chief financial officer after appointing him as the interim CFO earlier this year.

National Grid: National Grid (NG.L) on Thursday pledged to cut its scope 3 emissions by 20% by 2030, which will see it reduce emissions relating to the gas and electricity it sells in markets such as the United States and Britain.

AstraZeneca: The U.S. Food and Drug Administration has broadened its investigation of a serious illness in AstraZeneca Plc's (AZN.L) COVID-19 vaccine study and will look at data from earlier trials of similar vaccines developed by the same scientists, three sources familiar with the details told Reuters.

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Woodford: The collapsed Woodford equity income fund has 288 million pounds in remaining assets, its authorised corporate director said on Wednesday.

The UK blue-chip index (.FTSE) closed 0.5% lower on Wednesday, after a bleak production forecast from Shell (RDSa.L) and losses in consumer stocks weighed on the index.

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