UPDATE 1-UK Stocks-Factors to watch on April 6

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on April 6

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April 6 (Reuters) - Britain's FTSE 100 futures .FFIc1 up 2.80% on Monday.

* SAGE: Software group Sage SGE.L said revenue growth will be below its previous targets and suspended a 250-million pound share buyback, as it looks to shore up its liquidity during the coronavirus pandemic. STHREE: British recruiting firm SThree STEMS.L said it would scrap the final dividend for 2019 and that it was actively exploring options to support operations across regions, as it battles the impact of the coronavirus on the recruitment industry. ROLLS-ROYCE: British aero-engine maker Rolls-Royce RR.L said it was scrapping its targets and its final dividend, taking steps to shore up its finances as airlines around the world ground planes due to the coronavirus pandemic. WH SMITH: British books, newspaper and stationery retailer WH Smith SMWH.L said it had secured new lending facilities of 120 million pounds ($147 million) to get it through the coronavirus crisis which are conditional on raising new equity. NMC HEALTH: Troubled hospital group NMC Health NMC.L said it is in talks with Abu Dhabi Commercial Bank ADCB.AD , seeking to convince it to withdraw an application that the lender had filed proposing that NMC be placed under administration. The UK blue-chip index .FTSE closed down 1.2%, its fifth weekly decline in six on Friday, with insurers leading losses after a European Union regulator urged them to halt shareholder payouts, while oil stocks retreated after a recent surge. For more on the factors affecting European stocks, please click on: LIVE/

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