UPDATE 1-UK Stocks-Factors to watch on Sept. 30

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Sept. 30
Credit: © Reuters.

(Adds futures, news items)

Sept 30 - Britain's FTSE 100 .FTSE index is seen opening 20 points lower at 5,877 on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.7% ahead of cash market open.

* SHELL: Royal Dutch Shell RDSa.L announced plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. COMPASS: Compass Group CPG.L expects annual organic revenue to fall by 19% and said it would impair about 100 million pounds worth of assets as it reviews its contracts to deal with the blow from the COVID-19 pandemic. HAMMERSON: London-based mall operator Hammerson HMSO.L named Rita-Rose Gagné as its new chief executive officer and executive director, replacing David Atkins. WILLIAM HILL: William Hill WMH.L said it had agreed to be acquired by Caesars Entertainment CZR.O , which has valued the British bookmaker at 2.9 billion pounds ($3.72 billion). BOOHOO: Boohoo BOOH.L , seeking to rebuild investor confidence after failings were found in its UK supply chain, on Wednesday reported a 51% increase in first half profit and raised its full year guidance. BP: The start of operations of Train 3 at BP 's BP.L Tangguh LNG plant in Indonesia is set to be pushed back again due to labour restrictions implemented as a precaution during the COVID-19 pandemic, the company and a regulator said. TOPPS TILES: Tile retailer Topps Tiles Plc TPT.L said it expects a 12% drop in full-year revenue, owing to a slower recovery in commercial demand caused by coronavirus-led disruptions. GDP: Britain's economy shrank by a record 19.8% in the second quarter of 2020 when COVID-19 lockdown measures were in force, official figures showed. HOUSEPRICES: British house prices rose 5% annually in September, mortgage lender Nationwide said. GLAXOSMITHKLINE: The chief executive of GlaxoSmithKline GSK.L said she was optimistic the industry will be able to make an immunisation against COVID-19 widely available next year. INFORMA: The world's largest exhibitions group Informa INF.L said on Tuesday it would issue euro bonds worth 640 million pounds as part of its COVID-19 action plan. GOLD: Gold dipped as the dollar ticked up after Republican President Donald Trump and Democratic rival Joe Biden sparred in the first U.S. presidential debate ahead of the Nov. 3 election. The UK blue-chip index .FTSE dropped 0.5% on Tuesday, on worries about a stalling economic recovery and surging COVID-19 cases, with pub owners sliding on the prospect of further curbs as another round of Brexit negotiations began. For more on the factors affecting European stocks, please click on: LIVE/


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