UK Stocks-Factors to watch on July 6

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on July 6
Credit: © Reuters.

July 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 82 points higher at 6,239 on Monday, according to financial bookmakers.

* 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. 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. 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/


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