Friday, October 23, 2020

UPDATE 1-UK Stocks-Factors to watch on July 14 – Reuters UK

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July fourteen (Reuters) – Britain’s FTSE a hundred index is observed opening 80 factors reduced at 6,096 on Tuesday, in accordance to financial bookmakers, with futures down 1% in advance of cash markets open up.

* OCADO: Ocado, the British on line supermarket and know-how group, explained retail profits soared 27% year-on-calendar year in its very first 50 % right until May well 31.

* ASHMORE: A decide up in rising marketplaces helped improve fund manager Ashmore’s property by just about ten% in the next quarter, regardless of it looking at additional than $two billion in internet outflows.

* AO Earth: British on line electricals retailer AO Environment posted a more compact once-a-year reduction on stronger desire given that the lockdown in March.

* DFS: DFS Furnishings stated yearly income slumped around 27% as deliveries of sofas and furnishings had been held up in the course of the coronavirus lockdown.

* 5G: Britain claimed that the context on Chinese telecoms equipment maker Huawei’s involvement in Britain’s 5G network experienced changed due to the sanctions imposed by the United States on chip technological innovation.

* Economic system: Britain’s overall economy took a initially step on the lengthy street to restoration from the COVID-19 crisis in May well, as activity started to decide on up following lockdown constraints started to simplicity.

* OIL: Oil charges fell around 2% in early trade on problems that new clampdowns on businesses to stem surging coronavirus conditions in California and other U.S. states could threaten the nascent recovery in fuel demand from customers.

* GOLD: Gold price ranges slipped under the critical $1,800 degree, as the U.S. dollar strengthened.

* Metallic: Copper price ranges declined as mounting Sino-U.S. tensions sparked fresh new concerns of financial retaliation in between the world’s two most significant economies.

* The Uk blue-chip index closed one.3% increased on Monday, as the concentrate turned to the approaching 2nd-quarter earnings period.

* For a lot more on the components affecting European shares, please click on:

TODAY’S United kingdom PAPERS

>Economical Periods

>Other small business headlines (Reporting by Tapanjana Rudra Editing by Shailesh Kuber)

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