UPDATE 1-UK Stocks-Factors to watch on July 14

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on July 14
Credit: © Reuters.

(Adds futures, news items)

July 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 80 points lower at 6,096 on Tuesday, according to financial bookmakers, with futures FFIc1 down 1% ahead of cash markets open.

* OCADO: Ocado OCDO.L , the British online supermarket and technology group, said retail revenue soared 27% year-on-year in its first half until May 31. ASHMORE: A pick up in emerging markets helped boost fund manager Ashmore 's ASHM.L assets by almost 10% in the second quarter, despite it seeing more than $2 billion in net outflows. AO WORLD: British online electricals retailer AO World AO.L posted a smaller annual loss on stronger demand since the lockdown in March. DFS: DFS Furniture DFSD.L said annual revenue slumped roughly 27% as deliveries of sofas and furnishings were held up during the coronavirus lockdown. 5G: Britain said that the context on Chinese telecoms equipment maker Huawei's involvement in Britain's 5G network had changed due to the sanctions imposed by the United States on chip technology. ECONOMY: Britain's economy took a first step on the long road to recovery from the COVID-19 crisis in May, as activity began to pick up after lockdown restrictions began to ease. OIL: Oil prices fell around 2% in early trade on worries that new clampdowns on businesses to stem surging coronavirus cases in California and other U.S. states could threaten the nascent recovery in fuel demand. GOLD: Gold prices slipped below the key $1,800 level, as the U.S. dollar strengthened. METAL: Copper prices declined as mounting Sino-U.S. tensions sparked fresh worries of economic retaliation between the world's two biggest economies. The UK blue-chip index .FTSE closed 1.3% higher on Monday, as the focus turned to the upcoming second-quarter earnings season. For more on the factors affecting European stocks, please click on: LIVE/


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