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UK Stocks-Factors to watch on Oct. 5

Published 05/10/2020, 07:26
Updated 05/10/2020, 07:33
© Reuters.

Oct 5 - Britain's FTSE 100 (.FTSE) index is seen opening 38 points higher at 5,940 on Monday, according to financial bookmakers, with futures (FFIc1) up 0.94% ahead of cash markets open.

MULBERRY: British luxury brand Mulberry (MUL.L) reported a year to end-March annual loss of 14.2 million pounds ($18.34 million) but said it had traded ahead of its expectations as stores had reopened after the COVID-19 lockdown.

WEIR GROUP: Engineering company Weir Group Plc (WEIR.L) said it had agreed to sell its oil and gas division to U.S. heavy equipment maker Caterpillar Inc (NYSE:CAT) CAT.N for $405 million in cash.

ASDA: Britain's billionaire Issa brothers and private equity group TDR Capital have bought Asda from Walmart (NYSE:WMT) in a deal which gives the British supermarket chain an enterprise value of $8.8 billion and the buyers a platform to roll out smaller stores.

CINEWORLD: Cineworld (CINE.L) said it would temporarily shut its movie theatres in the United States and the UK, a move that would impact 45,000 jobs, as it deals with a significant downturn in the industry brought on by the coronavirus crisis.

WIZZ AIR: Hungarian budget airline Wizz Air (WIZZ.L) said passenger numbers were down 59% in September compared to the same month last year as the second surge of coronavirus infections across Europe holds back travel.

LSE: London Stock Exchange (LSE.L) is set to be hit with a charge sheet in the coming weeks setting out the European Union's antitrust concerns over its $27 billion purchase of data provider Refinitiv, two people familiar with the matter said.

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NATIONAL GRID: Britain's National Grid (NG.L), (NGG.N) on Friday pledged to achieve net zero greenhouse gas emissions in its U.S. operations by 2050, including from operations and emissions resulting from the sale of electricity and gas.

The UK blue-chip index (.FTSE) closed up 0.4% on Friday, as markets recovered from the initial shock of U.S. President Donald Trump testing COVID-19 positive, although Brexit concerns and a 22% plunge in miner Centamin (CEY.L) capped gains for the more domestically-focussed index.

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