UK Stocks-Factors to watch on April 8

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on April 8
Credit: © Reuters.

April 8 - Britain's FTSE 100 .FTSE index is seen opening 28 points lower at 5,676, on Wednesday according to financial bookmakers.

* ASOS: British online fashion retailer ASOS Plc ASOS.L said on Tuesday it was raising equity and extending debt facilities to shore up its finances in case of a prolonged business downturn from the coronavirus pandemic. BARCLAYS: Britain's Barclays BARC.L and Spain's Banco Sabadell SABE.MC on Tuesday said senior executives would give up some of their pay, joining a list of European banks where bosses have made such a gesture as part of efforts to combat the new coronavirus. FASTJET: South African budget airline Fastjet Plc FJET.L said on Tuesday it has enough resources to cover its operational needs until June-end, as it announced job cuts and a reduction in salaries in an effort to survive the COVID-19 pandemic. BHP: BHP Group BHPB.L , BHP.AX said that a "small number" of its total workforce had been confirmed with COVID-19, but it had not impacted operations at any of its operations. BP: Golar LNG Ltd GLNG.O said on Tuesday that it received a force majeure notice from a BP Plc BP.L unit seeking to delay taking delivery of a floating liquefied natural gas facility by a year. GOLD: Gold prices held steady as a stronger dollar countered risk-off sentiment stemming from fading optimism over signs of a slowing spread of the new coronavirus amid rising deaths. OIL: Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic. The UK blue-chip index .FTSE settled 2.2% higher on Tuesday as signs of coronavirus infections easing in the worst-hit regions of Europe boosted energy, banking and battered travel stocks. UK CORPORATE DIARY:



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