Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

UPDATE 1-UK Stocks-Factors to watch on June 8

Published 08/06/2020, 07:53
Updated 08/06/2020, 08:01
© Reuters.

(Adds company news items)

June 8 (Reuters) - Britain's FTSE 100 index FFIc1 futures are down 0.58% on Monday.

* AMIGO: British subprime lender Amigo AMG.L is no longer up for sale after a potential bidder pulled out of the process and its chairman Stephen Wilcke resigned on June 7, it said.

* OXFORD BIOMEDICA: Gene and cell therapy firm Oxford Biomedica OXB.L said it signed a new manufacturing agreement to help it scale up production of AstraZeneca's AZN.L potential COVID-19 vaccine to cater to demand in the United Kingdom and Europe.

* RESTAURANT: Frankie and Benny's owner Restaurant Group Plc RTN.L confirmed it was in talks with its landlords regarding potential restructuring options for its leisure estate, as it struggles with financial pressures following the coronavirus lockdowns.

* EASYJET: Two non-executive directors of EasyJet EZJ.L are to step down from the board later this year in line with corporate governance best practice, having each served for nine years, the British airline said.

* Britain's AstraZeneca PLC (LON:AZN) has approached U.S. rival Gilead Sciences GILD.O about a possible merger to form one the world's largest drug companies, Bloomberg News reported on Sunday, citing people familiar with the matter.

* HSBC: HSBC Holdings Plc HSBA.L Chairman Mark Tucker has warned Britain against a ban on networking equipment made by Huawei Technologies Co Ltd, claiming the bank could face reprisals in China, the Telegraph reported on Saturday.

* GOLD: Gold inched up although safe-haven demand remained subdued, after prices fell to a more than one-month low in the last session as an unexpected jump in U.S. employment boosted hopes for a swift economic recovery.

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

* OIL: Oil prices rose more than 2% early on Monday to their highest in three months after OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July.

* The UK blue-chip index .FTSE closed 2.3% higher on Friday, as optimism around a post-coronavirus economic recovery drove investors back to riskier assets. 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

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.