UPDATE 1-UK Stocks-Factors to watch on Nov 23

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Nov 23
Credit: © Reuters.

(Adds company news items, futures)

Nov 23 - Britain's FTSE 100 .FTSE index opened 0.5% higher Monday.

* ASTRAZENECA: AstraZeneca AZN.L said its vaccine for the novel coronavirus, developed along with the University of Oxford, could be around 90% effective under one dosing regimen. CINEWORLD: Britain's Cineworld Group CINE.L said its lenders had agreed to waive its debt covenants until June 2022, and the company secured $450 million in new loans to ride out the coronavirus crisis. AVIVA: Aviva AV.L said it had agreed to sell its stake in Italian life insurer Aviva Vita to joint venture partner UBI Banca for 400 million euros ($474.92 million). AA PLC: British roadside recovery group AA AAAA.L said it had received a proposal from Towerbrook Capital Partners and Warburg Pincus International regarding a possible cash offer of 35 pence a share. DAILY MAIL: The publisher of Britain's Daily Mail DMGOa.L reported a 38% drop in adjusted operating profit to 90 million pounds, at the top end of guidance, as its media, exhibitions and UK property information units were impacted by the pandemic. GOLD: Gold climbed higher as a softer dollar and hopes of further U.S. monetary stimulus to cushion the pandemic-hit economy offset optimism over the possibility of a COVID-19 vaccine rollout next month. OIL: Oil prices extended gains as traders eyed a recovery in crude demand thanks to successful coronavirus vaccine trials, although prices were contained by renewed lockdowns in several countries. STOCKS: The UK blue-chip index .FTSE closed 0.3% higher on Friday, logging its third straight week of gains, on the prospect of easing coronavirus restrictions, optimism around a vaccine and hopes of a Brexit trade deal with the European Union. For more on the factors affecting European stocks, please click on: LIVE/


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