UPDATE 1-UK Stocks-Factors to watch on Aug. 18

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Aug. 18
Credit: © Reuters.

(Adds futures, news items)

Aug 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening open 10 points lower at 6,118 on Tuesday, according to financial bookmakers, with futures FFIc1 down 0.62% ahead of cash markets open.

* CAPITA: British outsourcer Capita Plc CPI.L posted a 28.5 million pound ($37.44 million) loss for the first half of 2020, as revenue took a hit due to the coronavirus crisis and said it would not generate sustainable cash flow for up to 2 years. MARKS & SPENCER: British retailer Marks & Spencer MKS.L said it plans to cut 7,000 jobs over the next three months as it streamlines the business for a post COVID-19 sales mix. PERSIMMON: Housebuilder Persimmon PSN.L posted a plunge in first-half profit, as it sold fewer homes due to coronavirus-driven disruptions to construction activity and transactions, but "an excellent start to the second half" helped it reinstate dividend. WOOD: Engineering and consultancy company Wood Plc WG.L reported a 20.6% fall in first-half core earnings as the coronavirus-driven oil price crash dealt a major blow to its global energy clients. COMPASS: Compass Group CPG.L named the former chief executive officer of Ferguson FERG.L , Ian Meakins, as its non-executive chairman, replacing Paul Walsh who steps down in December. BHP: BHP Group BHP.AX , BHPB.L said it expected most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a 4% drop in annual profit that missed analysts' estimates. GOLD: Gold prices extended gains to inch closer to the $2,000 mark on Tuesday as the dollar weakened, with traders also focusing on minutes from the U.S. Federal Reserve's last policy meeting set to release this week. OIL: Oil prices slipped on Tuesday, though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic. METALS: Copper prices rose on Tuesday, as a weakening U.S. dollar made greenback-denominated metals more attractive to buyers using other currencies. The UK blue-chip index .FTSE was up 0.8% on Monday as more stimulus in China powered mining stocks, while investors eyed a slate of economic data due later in the week to gauge the pace of a post-pandemic rebound. For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100