UPDATE 1-UK Stocks-Factors to watch on Oct. 6

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Oct. 6

(Adds company news items, futures)

Oct 6 - Britain's FTSE 100 .FTSE index is seen opening 16 points higher at 5,959 on Tuesday, according to financial bookmakers, with futures down 0.03% ahead of cash markets open.

* RESTAURANT GROUP: Frankie and Benny's owner Restaurant Group RTN.L slipped into a first-half loss and withdrew its forecast, with renewed coronavirus restrictions in the UK forcing it to retain a cautious outlook for the short term. PREMIER OIL: Premier Oil PMO.L said it has reached an all-share merger deal with oil exploration and production company Chrysaor that will result in a cash payment of $1.23 billion to creditors of the debt-saddled British firm. FINABLR: Finablr FINF.L said technology and software solutions firm Prism Advance Solutions has made a takeover offer for the UK-listed payments group that includes restructuring and settlement of its debts, but gave no further details on the bid size. OIL: Oil prices edged higher in early trade on Tuesday following U.S. President Donald Trump's return to the White House after being admitted to a hospital for COVID-19 treatment last Friday, while another storm brewed in the U.S. Gulf of Mexico. GOLD: Gold prices dipped on Tuesday, as equities gained after U.S. President Donald Trump was discharged from hospital after treatment for a coronavirus infection, though a softer dollar limited losses. The UK blue-chip index .FTSE closed 0.7% higher on Monday, lifted by oil stocks as crude prices jumped after doctors treating U.S. President Donald Trump for COVID-19 hinted that he was doing well, while Cineworld CINE.L fell sharply after it said it was considering temporarily closing all U.S. and UK screens. For more on the factors affecting European stocks, please click on: LIVE/


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