UPDATE 1-UK Stocks-Factors to watch on Dec. 4

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Dec. 4
Credit: © Reuters.

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Dec 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.3% ahead of cash market open.

* BERKELEY: Berkeley Group BKGH.L posted a 16.6% fall in first-half profit as home sales were dented by the COVID-19 pandemic and said the coming months would be crucial to gauge the impact of new lockdowns and Brexit.

* ASSOCIATED BRITISH FOODS: Associated British Foods ABF.L said the estimated hit to sales at its Primark fashion chain from COVID-19 related store closures this autumn is about 430 million pounds ($579 million), up from a previous forecast of 375 million pounds. MCBRIDE: Cleaning products maker McBride Plc MCB.L raised its full-year earnings outlook, helped by a surge in demand for hygiene and cleaning products during the COVID-19 pandemic. PETS AT HOME: Pets At Home PETSP.L became the latest British retailer to hand back the tax relief it received from the government during the coronavirus crisis, as the pet supplies company said it would repay the entire 28.9 million pounds. GOLD: Gold prices firmed, set for their first weekly gain in four, as growing optimism over a U.S. fiscal stimulus deal pressured the dollar and boosted the metal's appeal as an inflation hedge. OIL: Oil prices rose heading for a fifth week of gains, after major producers agreed to continue to restrain production to cope with coronavirus-hit demand but the compromise fell short of expectations. The UK blue-chip index .FTSE closed 0.4% higher on Thursday as investors hoped for a trade deal with the European Union before a year-end deadline, while miners rose as iron ore prices hit a record high. For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS

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