Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

UPDATE 1-UK Stocks-Factors to watch on Oct 15

Published 15/10/2020, 07:23
Updated 15/10/2020, 08:29
© Reuters.

Oct 15 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 33 points lower at 5,902 on Thursday, according to financial bookmakers, with futures down 0.7% ahead of cash market open.

Hays: Recruitment agency Hays Plc (HAYS.L) said it expects the first half of the year to be modestly profitable as its temporary hiring remained stable overall, even as it posted a 29% drop in its first-quarter net fees due to the coronavirus crisis.

Domino's Pizza: Domino's Pizza Group (DOM.L) said it expects 2020 profit to be in line with the market view as a lower tax rate and higher online orders helped it post a 19% jump in third-quarter sales.

AO World: British online electricals retailer AO World (AO.L) said it expected to report a 57% increase in first-half revenue to 715 million pounds ($930 million) after benefiting from strong consumer demand during the COVID-19 pandemic.

Dunelm: British home furnishing retailer Dunelm (DNLM.L) posted a 37% jump in first-quarter sales as it benefited from higher online demand for its homewares, as well as in-store recovery following the initial round of lockdowns.

Marston's: Pub operator Marston's (MARS.L) announced job cuts as a result of the UK's new round of coronavirus restrictions, saying 2,150 people currently on furloughs would be affected after it posted a 30% drop in annual sales.

IAG: Marshall Wace has picked up a 3% stake in British Airways-owner IAG (ICAG.L), a Spanish regulatory filing from the hedge fund showed on Wednesday.

Shell: Royal Dutch Shell (RDSa.L) said its Prelude floating liquefied natural gas project off Australia, off {{0|line}} since early February, is working on restarting operations but would not resume full production this year.

Kaspi: Kazakh financial and technology company Kaspi.kz's (KSPI.KZ) share offering has been priced at $33.75 per GDR, the top of an indicative range, the Astana International Exchange said, citing bookrunner Renaissance Capital.

Gold: Gold prices dipped on Thursday as the dollar steadied and comments from U.S. Treasury Secretary Steve Mnuchin dashed hopes of a new fiscal stimulus package before the presidential election.

Oil: Oil prices edged higher, extending their 2% gains from the previous session, after data showed U.S. crude stockpiles fell last week, while OPEC and its allies were seen complying with their pact to curb output in September.

The FTSE 100 slipped on Wednesday as signs of progress in Brexit talks boosted sterling, putting pressure on companies that are big exporters, while a clutch of upbeat corporate earnings limited dec{{0|line}}s.

UK corporate diary:

Dunelm Group Plc (DNLM.L) Q1 trading statement
Hays Plc (HAYS.L) Q1 trading statement
Marston's Plc (MARS.L) FY trading statement
Mondi Plc (MNDI.L) Q3 trading statement
Mediclinic International Plc (MDCM.L) HY trading update
Schroders Plc (SDR.L) Q3 AUM
Domino's Pizza Group (DOM.L) Q3 trading statement

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.