UPDATE 1-UK Stocks-Factors to watch on Nov 26

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Nov 26
Credit: © Reuters.

(Adds futures, news items)

Nov 26 - Britain's FTSE 100 .FTSE index is seen opening 7 points higher at 6,398 on Thursday, according to financial bookmakers, with futures up 0.42% ahead of the cash market open.

* AMIGO: Amigo AMGO.L reported a 36.5% fall in first half revenue and flagged "material uncertainty" about its future operations, citing worries over the pandemic, complaint volumes and the outcome of an ongoing regulatory investigation. FULLER, SMITH & TURNER: Fuller, Smith & Turner Plc FSTA.L said it had cut 20% of jobs since the start of this financial year and reported a first-half loss of 22.2 million pounds ($29.71 million) hit by the COVID-19 pandemic. BOOHOO: Boohoo BOOH.L said it had appointed retired judge Brian Leveson to provide independent oversight of its programme to improve supply chain and business practices. AVIVA: Aviva AV.L expects to pay a total dividend for 2020 of 21 pence and increase it by low to mid-single digits, and is exploring options for its remaining European businesses, the British insurer said. MITCHELLS & BUTLERS: Pub operator Mitchells & Butlers MAB.L reported it had swung to an annual loss and said it had cut 1,300 jobs as it could no longer support them due to store closures and reduced levels of activity. BRITVIC: Britvic BVIC.L posted a near 22% slide in adjusted operating income for the year as coronavirus restrictions hurt demand at bars, restaurants, cinemas and other public places. GOLD: Gold prices rose aided by a weaker dollar, as investors bet that grim U.S. jobs data and surging COVID-19 cases worldwide would spur authorities to announce further stimulus measures. OIL: Oil rose for a fifth day after a surprise fall in U.S. crude inventories gave further legs to a rally driven by optimism that vaccines will end the coronavirus pandemic and revive demand for fuels. The UK blue-chip index .FTSE closed 0.6% lower after Finance Minister Rishi Sunak flagged a major hit to economic growth from the coronavirus, prompting an index of domestically-exposed stocks to mark its worst tumble in nearly a month. For more on the factors affecting European stocks, please click on: LIVE/

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