UPDATE 1-UK Stocks-Factors to watch on Nov 2

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Nov 2
Credit: © Reuters.

(Adds company news items, futures)

Nov 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 13 points lower at 5,564 on Monday, according to financial bookmakers, with futures down 0.27% ahead of cash market open.

* RYANAIR: Ireland's Ryanair Holdings PLC RYA.I posted a loss for its key summer period for the first time in decades, and warned that the COVID-19 crisis could force further cuts and leave capacity next summer as little as half of normal levels. HISCOX: Insurer Hiscox HSX.L said it reserved $75 million for catastrophe claims in the third quarter, with the most active North American wind season on record and another significant wildfire season in California. OCADO: Ocado OCDO.L , the British online supermarket and technology group would buy two robotics companies for a total of $287 million. ASSOCIATED BRITISH FOODS: Associated British Foods ABF.L , the owner of clothing retailer Primark, said it estimated it would lose 375 million pounds ($484 million) of sales from temporary closures of its stores in major markets due to COVID-19 restrictions. GVC: Ladbrokes (LON: LCL ) and bwin owner GVC GVC.L warned of a 43 million pound ($55.5 million) hit to profit if its gambling stores remained closed for all of November under Britain's latest coronavirus lockdown. GOLD: Gold ticked higher as caution crept in ahead of Tuesday's hotly contested U.S. presidential elections, sparking some bids for the safe-haven metal, though a resilient dollar capped gains. OIL: Oil prices fell more than 3% on worries a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the U.S. presidential election week. The UK blue-chip index .FTSE closed 0.1% lower on Friday, logging its biggest monthly drop since a brutal sell-off in March, as a new wave of regional COVID-19 restrictions threatened a nascent economic recovery. For more on the factors affecting European stocks, please click on: LIVE/


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