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UPDATE 1-UK Stocks-Factors to watch on Oct. 13

Published 13/10/2020, 06:47
© Reuters.

Oct 13 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 19 points higher at 6,020 on Tuesday, according to financial bookmakers, with futures up 0.34% ahead of cash market open.

French Connection Group Plc: British clothing retailer French Connection Group Plc (FCCN.L) said sales had halved on the back of the coronavirus crisis in the first half of the year, more than tripling its underlying loss compared to the same period a year earlier.

SSE: British utility SSE (SSE.L) agreed to sell its 50% stake in West Yorkshire-based Ferrybridge and Skelton Grange assets for 995 million pounds in cash, as part of its strategy to dispose of non-core assets by autumn 2021.

Round Hill Music: Round Hill Music, a Guernsey-incorporated royalty fund, is planning a $375 million listing on the London Stock Exchange , the company said.

Balfour Beatty: British infrastructure group Balfour Beatty Plc (BALF.L) has started a search for a new chairman as chairman Philip Aiken is preparing to leave the firm, Sky News reported on Monday.

LSE: The London Stock Exchange (LSE.L) said its pan-European share trading arm Turquoise will offer trading in EU-listed shares on its Dutch platform from the end of next month if there is no agreement on future direct access to the bloc by then.

Gold: Gold prices fell with a slight rebound in dollar, while investors clung to hopes of a U.S. stimulus package being eventually released.

Oil: Oil prices were steady in early trade, sitting on losses of nearly 3% from the previous session after supplies began to resume in Norway and the U.S. Gulf of Mexico and Libya resumed production at its largest oilfield.

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The UK blue-chip index (.FTSE) closed 0.3% lower on Monday in a choppy trading session as a dip in oil prices hit energy stocks and as Prime Minister Boris Johnson laid out fresh restrictions to contain the growing coronavirus crisis.

UK corporate diary:

French Connection Group Plc (FCCN.L) HY results

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