Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UPDATE 1-UK Stocks-Factors to watch on Oct. 23

Published 23/10/2020, 07:08
Updated 23/10/2020, 08:04
© Reuters.

Oct 23 (Reuters) - Futures for Britain's FTSE 100 index (FFIc1) were seen up 0.02% ahead of cash market open on Friday, according to financial bookmakers.

British Retail: British retail sales beat expectations last month and grew for a fifth month in a row, taking total sales volumes to 5.5% above their level before the pandemic.

InterContinental Hotels: Holiday Inn-owner InterContinental Hotels (IHG.L) posted a plunge in third-quarter hotel room revenue (RevPAR), as the COVID-19 pandemic continued to ravage the travel and hospitality industry.

The London Stock Exchange: The London Stock Exchange (LSE.L) said it expects to close its $27 billion purchase of data analytics firm Refinitiv in the first quarter of 2021 and posted a 2% increase in third-quarter total income.

Barclays: Barclays (BARC.L) reported much better than expected third quarter earnings, as its consumer businesses swung back to profit and provisions against bad loans fell compared with the previous quarter.

AstraZeneca: The Peruvian government refused to sign a coronavirus vaccine purchase agreement with AstraZeneca PLC (AZN.L) because it did not provide sufficient data from its studies and offered minimal amounts of inoculations.

ITM Power: Italian gas group Snam (SRG.MI) said on Thursday it would buy a minority stake in ITM Power (ITM.L) as part of a broader agreement with the British company to help it develop its green hydrogen business.

Gold: Gold edged up on hopes that a U.S. stimulus package would eventually be passed, boosting the metal's appeal as an inflation hedge, although a stronger dollar capped gains.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Oil: Oil prices held on to gains from the previous session on Friday, after Russian President Vladimir Putin indicated he would be prepared to extend record supply cuts in the face of the COVID-19 pandemic.

The UK blue-chip index (.FTSE) closed 0.2% higher on Thursday after a positive update on AstraZeneca's COVID-19 vaccine candidate and as UK finance minister Rishi Sunak unveiled more support for businesses hit by the pandemic.

UK corporate diary:

LSE Group Plc (LSE.L) Q3 trading statement
Barclays Plc (BARC.L) Q3 earnings
InterContinental Hotels Group Plc (IHG.L) Q3 trading statement
Airtel Africa Plc (AAF.L) HY earnings

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.