UPDATE 1-UK Stocks-Factors to watch on June 15

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on June 15
Credit: © Reuters.

(Adds company news items and futures) Britain's FTSE 100 .FTSE index is seen opening 45 points lower at 6,060 on Monday, according to financial bookmakers, with futures down 2.59% ahead of cash markets open.

* METRO BANK: British challenger bank Metro Bank MTRO.L is in exclusive talks to buy Retail Money, owner of peer-to-peer lender Ratesetter, though discussions are at an early stage, it said in response to media speculation. STHREE: British recruiting firm SThree STEMS.L reported a 7% fall in half-year net fees, as the novel coronavirus outbreak forced businesses around the world to put a freeze on hiring activity. BP: BP BP.L will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away from fossil fuels. BUNZL: British business supplies distributor Bunzl BNZL.L forecast a 6% rise in revenue for the first half of the year. HAMMERSON: London-based mall operator Hammerson HMSO.L said it appointed rival Land Securities ' LAND.L former chief executive officer, Robert Noel, as its non-executive chair, replacing David Tyler. OIL: Oil fell more than 2%, extending losses from last week, as new coronavirus infections hit China and the United States. GOLD: Gold prices were little changed after posting their best week since early April as fears of a second wave of coronavirus infections in Beijing cut investors' appetite for riskier assets. The UK blue-chip index .FTSE closed up 0.5% on Friday, as battered cyclical shares rose, but overall gains were slim as sentiment was subdued after the country reported a record economic contraction in April. For more on the factors affecting European stocks, please click on: LIVE/


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