UPDATE 1-UK Stocks-Factors to watch on June 29

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on June 29
Credit: © Reuters.

(Adds futures, news items)

June 29 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 28 points lower at 6,131 on Monday, according to financial bookmakers, with futures FFIc1 down 0.68% ahead of cash markets open.

* LOOKERS: Car dealership network Lookers LOOK.L said a draft report by the company's auditor had identified 19 million pounds ($23.5 million) of non-cash adjustments necessary to correct overstatements in profitability over several years. HUNTING: Oil industry manufacturer and services provider Hunting Plc HTG.L said it has cut 25% of its workforce. NSF: Subprime lender Non-Standard Finance NSF.L said U.S. asset manager Ares has agreed to extend a waiver on a 200 million pound ($247.44 million) securitisation facility. INDIVIOR: British drugmaker Indivior INDV.L said it had appointed Mark Crossley as chief executive to replace Shaun Thaxter. MORSES CLUB: Online accounts provided by lender Morses Club MCLM.L have been frozen following action by British regulators against the UK unit of collapsed payments services firm Wirecard. OIL: Oil prices slid for a second straight session as coronavirus cases rose in the United States and other places. The UK blue-chip index .FTSE closed up 0.2% on Friday, as investors weighed optimism about a revival in business activity against a surge in global coronavirus infections. For more on the factors affecting European stocks, please click on: LIVE/


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