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UPDATE 1-UK Stocks-Factors to watch on Sept. 29

Stock MarketsSep 29, 2020 08:00
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Sept 29 - Britain's FTSE 100 (.FTSE) index is seen opening 26 points higher at 5,954 on Tuesday, according to financial bookmakers, with futures (FFIc1) down 0.1% ahead of cash market open.

Greggs: British baker Greggs (GRG.L) said its sales had improved in September after a slow August but cautioned that the outlook was uncertain because of COVID-19 and it would have to cut staff jobs and hours.

Pendragon: British auto dealer Pendragon (PDG.L) said strong performance since the easing of COVID-19 lockdowns helped it return to profitability in July and August, after posting a smaller first-half loss.

FCA: Britain's Financial Conduct Authority said it has filed for an expedited appeal in its business interruption test case as a precaution against insurers not agreeing by Wednesday to pay out on claims made during the pandemic.

Ferguson: Plumbing parts distributor Ferguson (FERG.L) restored dividend on Tuesday as cost-reduction measures, including 2,100 job cuts, and resilience in its main U.S. business helped it report a 4.1% rise in annual profit.

Card Factory: Britain's Card Factory (CARDC.L) swung to a first-half loss and said it was not possible to provide a forecast for the rest of the year as its retail stores could be affected by a new wave of the coronavirus pandemic.

Rio Tinto: Rio Tinto Ltd (LON:RIO) (RIO.AX) said on Tuesday that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned, after community members filed a complaint with the Australian government.

J Sainsbury: Sainsbury 's (SBRY.L) (OTC:JSAIY), Britain's second largest supermarket group, will have doubled its pre-COVID-19 pandemic online capacity by the end of next month, it said on Monday.

Oil: Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package.

Gold: Gold prices edged up on Tuesday as the U.S. dollar retreated from a two-month high, with investors looking forward to the first U.S. presidential debate and developments on a new U.S. coronavirus relief bill.

The UK blue-chip index (.FTSE) closed up 1.5% on Monday, as Asia-focussed lender HSBC Holdings (HSBA.L) jumped 8.9% after Chinese insurance group Ping An (601318.SS), (2318.HK) boosted its stake to 8%.

UK corporate diary:

Alfa Financial Software Holdings (ALFAAL.L) HY results
Card Factory Plc (CARDC.L) HY results
AA Plc (AAAA.L) HY results
Pendragon Plc (PDG.L) HY results
Ferguson Plc (FERG.L) FY results
Grainger Plc (GRI.L) Q3 trading statement
Cairn Energy Plc (CNE.L) HY results

UPDATE 1-UK Stocks-Factors to watch on Sept. 29
 

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