UPDATE 1-UK Stocks-Factors to watch on Nov 19

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Nov 19
Credit: © Reuters.

(Adds company news items, futures)

Nov 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 59 points lower at 6,327 on Thursday, according to financial bookmakers, with futures down 0.86% ahead of cash market open.

* ASTRAZENECA: A potential COVID-19 vaccine developed by AstraZeneca Plc AZN.L and Oxford University produced a strong immune response in older adults, giving hope it may protect some of those most vulnerable to the disease, data from mid-stage trials showed. KINGFISHER: Kingfisher KGF.L reported a 17.4% jump in underlying sales over the latest quarter, continuing to benefit from the popularity of do-it-yourself (DIY) during the COVID-19 pandemic. ROYAL MAIL: Royal Mail RMG.L reported a slump in first-half pre-tax profit as losses in its traditional letters business and coronavirus-related costs ate into a revenue boost from this year's surge in online shopping. JET2: Jet2 JET2.L said the pandemic had pushed it into a 111 million pound loss in the six months ended September, as it forecast an uncertain winter and said it remained cautious about next summer. JOHNSON MATTHEY: Chemicals maker Johnson Matthey JMAT.L reported a slump in half-year profit and stayed away from providing an outlook for 2021, as the pandemic continued to dent demand for its pollution filters. MITIE: Mitie Group MTO.L posted a 35% fall in first-half profit and scrapped its interim dividend, despite cost cuts as it won fewer contracts from its aviation and financial clients during the COVID-19 pandemic. NAKED WINES: Naked Wines Plc WINEW.L raised its full-year sales forecast after revenue surged nearly 80% in the first half as more households ordered wine online during coronavirus lockdowns. CMC: CMC Markets CMCX.L posted a record net operating income for the first half due to the ongoing volatility in financial markets because of the coronavirus crisis. GOLD: Gold prices inched lower as a firmer dollar and progress in COVID-19 vaccine developments offset concerns over spiking virus cases in the United States and hopes of more stimulus. OIL: Oil futures eased surrendering some gains from the previous day as the surge in coronavirus cases and tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news. The UK blue-chip index .FTSE closed 0.3% higher on Wednesday as hopes of a post-Brexit trade deal with the European Union and further positive vaccine data from drugmaker Pfizer (NYSE: PFE ) offset concerns about economic damage from surging coronavirus cases. For more on the factors affecting European stocks, please click on: LIVE/


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