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UPDATE 1-UK Stocks-Factors to watch on Oct. 12

Stock MarketsOct 12, 2020 08:07
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Oct 12 - Britain's FTSE 100 (.FTSE) index is seen opening 6 points higher at 6,022 on Monday, according to financial bookmakers.

IAG: Airlines group IAG (ICAG.L) named Aer Lingus boss Sean Doyle as the new chief executive of British Airways, replacing Alex Cruz in the top job, one of a number of management changes announced by IAG's new chief executive after a month in the job.

Bank of England: The Bank of England asked banks on Monday for information about their readiness for zero or negative interest rates, following up on its announcement last month that it was considering how to take rates below zero if needed

Shell: Royal Dutch Shell Plc (RDSa.L) on Saturday said its mobile drilling units were returning to the Gulf of Mexico to restart operations after Hurricane Delta.

AstraZeneca: The U.S. government has awarded $486 million to AstraZeneca Plc (AZN.L) to develop and secure supplies of up to 100,000 doses of COVID-19 antibody treatment, a similar class of drug that was used in treating President Donald Trump.

Marks & Spencer: British retailer Marks & Spencer (MKS.L), seeking to avoid a repeat of last Christmas when its performance was ruined by excessive food waste, is rolling out a supply chain programme it says will crack the problem.

Oil: Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.

Gold: Gold fell back from a three-week high on Monday as the dollar firmed, although hopes for a new U.S. coronavirus aid package checked the precious metal's losses.

The UK blue-chip index (.FTSE) closed 0.7% higher on Friday, as a new jobs support plan and advancements in Brexit talks eclipsed worries about a fresh surge in COVID-19 cases.

UPDATE 1-UK Stocks-Factors to watch on Oct. 12
 

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