Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

UPDATE 1-UK Stocks-Factors to watch on Dec. 11

Stock Markets Dec 11, 2020 08:20
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

Dec 11 (Reuters) - Britain's FTSE 100 (.FTSE) index is seen opening 16 points lower at 6,584 on Friday, according to financial bookmakers, with futures (.FFIc1) down 0.1% ahead of the cash market open.

Liberty Global-Telefonica: Britain said it had referred the merger between broadband company Virgin Media and Telefonica 's (TEF.MC) UK mobile network O2 to an in-depth competition investigation.

Rolls-Royce: Rolls-Royce (RR.L) stuck to its guidance to turn cash flow positive during the second-half of next year, despite warning that the outlook remains challenging and the pace of the recovery is uncertain.

IHG: Intercontinental Hotels Group (IHG.L) has struck a deal with its creditors to extend waivers of its debt covenants through the end of 2022, the company said in a statement.

Bellway: Bellway Housebuilder Bellway (BWY.L) forecast a 25% rise in annual volumes, saying home orders rose in the first few months of its fiscal year.

Brexit: British Prime Minister Boris Johnson wants to get a Brexit trade deal and there is a still a chance of getting one but he will not back down on the two main outstanding issues, Culture Secretary Oliver Dowden said.

Sanofi/GSK: An experimental COVID-19 vaccine of Sanofi (SASY.PA) and Britain's GlaxoSmithKline (GSK.L) showed an insufficient immune response in clinical trial results, the French drugmaker said, a blow to efforts to find ways to fight the pandemic.

Banks: British banks can resume paying some dividends and bonuses after the Bank of England said they appeared well capitalised and resilient to any further coronavirus crisis fall-out.

Retail: With prospects for a post-Brexit trade deal with the EU looking precarious, Britain's retail industry repeated a warning that shoppers faced higher food prices from next year if new tariffs were imposed in the absence of an agreement.

Gold: Gold edged up as the dollar held near a two-and-a-half-year low, offsetting concerns over delays in a U.S. coronavirus package.

Oil: Oil rose, extending a sharp rally overnight that saw Brent rise above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive that demand for crude would build up next year.

The UK blue-chip index (.FTSE) closed 0.5% higher on Thursday as oil prices jumped to $50 per barrel for the first time since March on vaccine optimism and as a weaker British pound supported the export-heavy index GBP/.

UK corporate diary:

Bellway Plc (BWY.L) Trading statement
Rolls-Royce Holdings Plc (RR.L) Trading statement
Anglo American Plc (AAL.L) Investor update

UPDATE 1-UK Stocks-Factors to watch on Dec. 11
 

Related Articles

Ryanair ready to appeal against Hungarian fine
Ryanair ready to appeal against Hungarian fine By Reuters - Aug 08, 2022

BUDAPEST (Reuters) - Ryanair (LON:RYA) is ready to appeal against what it said is a "baseless" fine from the Hungarian consumer protection agency, the airline said in an emailed...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
David Hawley
David Hawley Dec 11, 2020 7:40
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Who knows what will happen with a no deal Brexit. When Trump imposed tariffs on Chinese goods everyone said it would raise prices for Americans. But I bet in reality Chinese firms reduced prices so that with tariffs added the retail price was the same. Which they had to do if they wanted to stay price competitive and continue to sell goods
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email