Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

UPDATE 1-UK Stocks-Factors to watch on Sept 16

Published 16/09/2020, 06:52
Updated 16/09/2020, 06:57
© Reuters.

© Reuters.

Sept 16 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 16 points lower at 6,089 on Wednesday, according to financial bookmakers, with futures (FFIc1) down 0.7% ahead of cash market open.

Brexit: Prime Minister Boris Johnson's government has had talks with rebels in his party over the Internal Market Bill, which the European Union says could sink Brexit talks by breaching the divorce treaty.

Galliford: British construction firm Galliford Try (GFRD.L) said it expects to return to profitability in fiscal 2021 as site activity resumes and productivity nears normal levels, after coronavirus lockdowns led to a loss this year.

Redrow: British homebuilder Redrow Plc (RDW.L) reported an almost 40% fall in annual revenue and completed sales, while promising to renew dividend payouts next year as it halts investments in London and focuses on its Heritage Collection homes.

AstraZeneca: The U.S. Food and Drug Administration said on Tuesday AstraZeneca Plc's (AZN.L) COVID-19 vaccine trial in the United States is still on hold, and it was working with the company to figure out if there was a significant safety issue or not.

Premier oil: Premier Oil Plc (PMO.L) said on Tuesday it was in talks with private-equity backed oil producer Chrysaor and several other parties on alternative deals to secure long-term debt refinancing.

Gold: Gold prices held steady on Wednesday as investors awaited the outcome of the U.S. Federal Reserve's policy meeting, hoping for details of the central bank's plans to balance interest rates against its inflation target.

Oil: Oil prices rose on Wednesday, extending gains from the previous session, as a hurricane disrupted U.S. offshore oil and gas production and an industry report showed a big drop in U.S. crude stockpiles.

The UK blue-chip index (.FTSE) closed 1.3% higher on Tuesday as miners were helped by upbeat Chinese industrial output data, while the mid-cap index was supported by insurers on the prospect of lower-than-expected COVID-19 payouts.

UK corporate diary:

Galliford Try Plc (GFRD.L) FY results
Redde Northgate Plc (REDD.L) FY results
Pan African Resources (PAFR.L) FY results
Accesso Technology Group Plc (ACSO.L) HY results

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.