UPDATE 1-UK Stocks-Factors to watch on June 5

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on June 5
Credit: © Reuters.

(Adds news items, updates futures)

June 5(Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.9%, ahead of cash market open.

* WORKSPACE: Workspace Group WKP.L said its full-year profit nearly halved and it expected more trouble in the months ahead. TAYLOR WIMPEY: Taylor Wimpey TW.L has seen a surge in interest in buying homes since it brought its sales centres and show homes in England back on line. PREMIER OIL: Premier Oil PMO.L will issue discounted shares to activist hedge fund ARCM representing 8.91% of the company to pay for North Sea assets from BP BP.L , which agreed to reduce the price, Premier said. CONSUMERS: British consumer confidence in late May fell to its lowest in over a decade as COVID-19 hit the economy, a survey showed. RETAIL: UK retail sales dived 18% in May as the coronavirus lockdown measures kept shopping streets empty, a survey showed. ASTRAZENECA: AstraZeneca AZN.L has doubled manufacturing capacity for its potential coronavirus vaccine to 2 billion doses in two deals involving Microsoft (NASDAQ: MSFT ) billionaire Bill Gates that guarantee early supply to lower income countries. IAG: The boss of British Airways said its parent company IAG ICAG.L was burning through 178 million pounds a week and could not guarantee its survival, prompting him to urge unions to engage over 12,000 job cuts. OIL: Oil prices nudged higher as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts. O/R

* UK shares hit their highest in nearly three-months on Thursday on bets of a rebound in post-coronavirus economic activity. For more on the factors affecting European stocks, please click on: LIVE/

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