UPDATE 1-UK Stocks-Factors to watch on Dec 7

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Dec 7
Credit: © Reuters.

(Adds news items, futures)

Dec 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 4 points lower at 6,546 on Monday, according to financial bookmakers, with futures up 0.28% ahead of the cash market open.

* TED BAKER: Ted Baker TED.L posted a bigger half-yearly loss as coronavirus-led restrictions hit store sales, even as the company's online business registered a strong performance. COUNTRYWIDE: Real estate management firm Connells Ltd said it had raised its buyout offer for Britain's Countrywide Plc CWD.L by 30% to 325 pence per share. IMIMOBILE: Cisco CSCO.O has agreed to buy cloud communications software company IMImobile PLC IMOI.L for 595 pence per share in cash in a deal valued at about $730 million, including debt. KINGFISHER: Kingfisher KGF.L said it would return the business rates relief it received from the United Kingdom and Republic of Ireland governments during the COVID-19 pandemic, joining a list of other British retailers. FRASERS: Mike Ashley's Frasers Group FRAS.L said it is in negotiations to buy collapsed British department store chain Debenhams BARRGF.UL from administrators in a potential rescue deal. GOLD: Gold prices ticked higher as grim U.S. jobs data bolstered hopes for more fiscal stimulus, although optimism around coronavirus vaccine rollouts kept gains in check. OIL: Oil prices fell as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern (NYSE: SO ) California in the United States, the world's top oil consumer. The UK blue-chip index .FTSE closed 0.9% higher on Friday as a jump in oil prices boosted energy stocks, while investors remained focussed on Brexit trade talks with only four weeks left for Britain's transition period out of the bloc to end. For more on the factors affecting European stocks, please click on: LIVE/

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