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. 30

Published 30/09/2020, 07:15
Updated 30/09/2020, 08:30
© Reuters.

© Reuters.

Sept 30 - Britain's FTSE 100 (.FTSE) index is seen opening 20 points lower at 5,877 on Wednesday, according to financial bookmakers, with futures (FFIc1) down 0.7% ahead of cash market open.

Shell: Royal Dutch Shell (RDSa.L) announced plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.

Compass: Compass Group (CPG.L) expects annual organic revenue to fall by 19% and said it would impair about 100 million pounds worth of assets as it reviews its contracts to deal with the blow from the COVID-19 pandemic.

Hammerson: London-based mall operator Hammerson (HMSO.L) named Rita-Rose Gagné as its new chief executive officer and executive director, replacing David Atkins.

William Hill: William Hill (WMH.L) said it had agreed to be acquired by Caesars Entertainment (CZR.O), which has valued the British bookmaker at 2.9 billion pounds ($3.72 billion).

Boohoo: Boohoo (BOOH.L), seeking to rebuild investor confidence after failings were found in its UK supply chain, on Wednesday reported a 51% increase in first half profit and raised its full year guidance.

BP: The start of operations of Train 3 at BP 's (BP.L) Tangguh LNG plant in Indonesia is set to be pushed back again due to labour restrictions implemented as a precaution during the COVID-19 pandemic, the company and a regulator said.

Topps Tiles: Tile retailer Topps Tiles Plc (TPT.L) said it expects a 12% drop in full-year revenue, owing to a slower recovery in commercial demand caused by coronavirus-led disruptions.

GDP: Britain's economy shrank by a record 19.8% in the second quarter of 2020 when COVID-19 lockdown measures were in force, official figures showed.

Houseprices: British house prices rose 5% annually in September, mortgage lender Nationwide said.

GlaxoSmithKline: The chief executive of GlaxoSmithKline (GSK.L), the world's largest maker of vaccines, said she was optimistic the industry will be able to make an immunisation against COVID-19 widely available next year.

Informa: The world's largest exhibitions group Informa (INF.L) said on Tuesday it would issue euro bonds worth 640 million pounds as part of its COVID-19 action plan.

Shell: Royal Dutch Shell (RDSa.L) has drawn up plans to make its German operations carbon-neutral as it seeks to cut its own and customers' emissions by more than a third over a decade.

TP ICAP: TP ICAP (TCAPI.L) (LON:NXGN), the world's biggest inter-dealer broker, said on Tuesday it was in advanced talks to buy electronic trading network Liquidnet Holdings Inc for $600 million to $700 million.

Oil: Oil prices extended losses on Wednesday on worries that rising coronavirus cases heading into the northern winter would lead to further restrictions on activity and curb demand for fuel.

Gold: Gold dipped on Wednesday as the dollar ticked up after Republican President Donald Trump and Democratic rival Joe Biden sparred in the first U.S. presidential debate ahead of the Nov. 3 election.

The UK blue-chip index (.FTSE) dropped 0.5% on Tuesday, on worries about a stalling economic recovery and surging COVID-19 cases, with pub owners sliding on the prospect of further curbs as another round of Brexit negotiations began.

UK corporate diary:

Everyman Media Group Plc (EMANE.L) HY results
Quixant Plc (QXT.L) HY results
Boohoo Group (BOOH.L) Interim results
Royal Dutch Shell (RDSa.L) Q3 update note
Topps Tiles Plc (TPT.L) Q4 trading statement

Latest comments

hy
Hi
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.