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UPDATE 1-UK Stocks-Factors to watch on July 6

Published 06/07/2020, 06:44
Updated 06/07/2020, 08:04
© Reuters.

July 6 (Reuters) - Britain's FTSE 100 index (.FTSE) is seen opening 82 points higher at 6,239 on Monday, according to financial bookmakers, with futures (FFIc1) rising 1.6% ahead of cash markets open.

LLOYDS BANKING GROUP: Lloyds Banking Group (LLOY.L) Chief Executive Officer António Horta-Osório will step down next year after spending a decade at the helm.

AVIVA: Aviva (AV.L) Chief Executive Officer Maurice Tulloch is stepping down with immediate effect for family health reasons, the UK insurer said.

BARRATT: Homebuilder Barratt Developments (BDEV.L) said its deliveries had fallen by a third as the coronavirus crisis halted construction activity.

BOOHOO: British online fashion retailer Boohoo BOOH.L said it would terminate relationships with any supplier who was found not to be acting within its code of conduct.

AUDITING: PwC, Deloitte, KPMG and EY should ring fence auditing as a separate business by June 2024 to improve the quality of auditing, Britain's accounting watchdog said.

COVID-19 VACCINE: Britain is close to agreeing a 500-million-pound ($624.75 million) supply deal with Sanofi (SASY.PA) and GlaxoSmithKline (GSK.L).

HOSPITALITY: British Finance Minister Rishi Sunak plans to raise the property tax threshold to as high as 500,000 pounds and temporarily cut the value-added tax in the hospitality sector.

SHELL: Royal Dutch Shell (RDSa.L) is not ruling out moving its headquarters from the Netherlands to Britain. JOB: Britain's government will double the number of its job coaches as part of a plan to tackle a rise in unemployment.

CINEWORLD: Canadian movie theatre operator Cineplex Inc (CGX.TO) said it would sue Cineworld Group Plc (CINE.L), seeking damages after the British company "wrongfully" scrapped its $1.65 bln buyout deal. Britain's Cineworld CINE.L said it plans to make a counter-claim against Cineplex CGX.TO for damages and losses following a failed takeover.

RYANAIR: Ryanair (RYA.I) said it will challenge the Portuguese government's investment in ailing flag carrier TAP in the European courts.

AIRLINES: Three of Europe's biggest airlines said Friday they would end a legal challenge against the British government after it scrapped its quarantine rule for travellers.

LOCKDOWN: Prime Minister Boris Johnson said he would set out a timetable next week for when remaining sectors of the British economy would be allowed to reopen. Britain hopes to permit outdoor and socially distanced performances at cultural venues, minister Oliver Dowden said.

ROLLS ROYCE: Rolls-Royce (RR.L) said on Friday it was reviewing a range of options to strengthen its balance sheet and position itself for recovery.

OIL: Oil prices offered up a mixed market snapshot, with Brent crude edging higher.

The UK blue-chip index (.FTSE) slid 1.3% on Friday, as a record surge in U.S. COVID-19 cases made investors question the chance of a swift global economic recovery.

For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB


($1 = 0.8003 pounds)

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