UPDATE 1-UK Stocks-Factors to watch on May 18
(Adds company news items and futures)
May 18(Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 91 points on Monday, according to financial bookmakers, with futures up 1.7% ahead of cash markets open.
* INTU PROPERTIES: British mall operator Intu Properties Plc INTUP.L warned it would likely breach its debt commitments at the end of June due to falling rental payments and will seek standstill agreements with creditors to ride out the coronavirus crisis. FERREXPO: Pellets producer Ferrexpo Plc FXPO.L appointed James North as its acting chief executive officer, six months after Kostyantin Zhevago stepped down temporarily to resolve issues at his former business in Ukraine HOCHSCHILD MINING: Precious metals miner Hochschild Mining HOCM.L said it would restart production at its Inmaculada and Pallancata mines in Peru, targeting full output from these locations in the coming weeks. RYANAIR: Ryanair reported a profit after tax of 1 billion euros ($1.08 billion) for the year to March 31, but said it was unable to provide a forecast for the current year due to COVID-19 and cut its annual passenger traffic target by a further 20%. BoE: The Bank of England is looking more urgently at options such as negative interest rates and buying riskier assets to prop up the country's economy to fight the coronavirus crisis, the BoE's chief economist was quoted as saying. GOLD: Gold rose to its highest since October 2012 as worries regarding the souring U.S.-China relations and bleak U.S. economic data underpinned the safe-haven metal. GOL/
* METALS: Copper prices climbed as the reopening of economies paralysed by the coronavirus crisis boosted hopes of a revival in demand for metals. MET/L
* OIL: Oil prices climbed by more than $1 a barrel, supported by output cuts and signs of gradual demand recovery amid easing coronavirus curbs, with U.S. oil showing no signs of last month's contract expiry price rout. London stocks closed higher on Friday, as a jump in China's factory output for the first time in 2020 powered resource companies, but the benchmark indices ended the week lower as fears of the economic fall-out of the coronavirus weighed. For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or