Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

UPDATE 1-UK Stocks-Factors to watch on May 18

Published 18/05/2020, 07:50
© Reuters.
UK100
-
HOCM
-
FXPO
-
INTUP
-

(Adds company news items and futures)
May 18(Reuters) - Britain's FTSE 100 .FTSE index is seen
opening up 91 points on Monday, according to financial
bookmakers, with futures up 1.7% ahead of cash markets open.

* INTU PROPERTIES: British mall operator Intu Properties Plc
INTUP.L warned it would likely breach its debt commitments at
the end of June due to falling rental payments and will seek
standstill agreements with creditors to ride out the coronavirus
crisis. * FERREXPO: Pellets producer Ferrexpo Plc FXPO.L appointed
James North as its acting chief executive officer, six months
after Kostyantin Zhevago stepped down temporarily to resolve
issues at his former business in Ukraine * HOCHSCHILD MINING: Precious metals miner Hochschild Mining
HOCM.L said it would restart production at its Inmaculada and
Pallancata mines in Peru, targeting full output from these
locations in the coming weeks. * RYANAIR: Ryanair reported a profit after tax of 1 billion
euros ($1.08 billion) for the year to March 31, but said it was
unable to provide a forecast for the current year due to
COVID-19 and cut its annual passenger traffic target by a
further 20%. * BoE: The Bank of England is looking more urgently at
options such as negative interest rates and buying riskier
assets to prop up the country's economy to fight the coronavirus
crisis, the BoE's chief economist was quoted as saying.
* GOLD: Gold rose to its highest since October 2012 as
worries regarding the souring U.S.-China relations and bleak
U.S. economic data underpinned the safe-haven metal.
GOL/
* METALS: Copper prices climbed as the reopening of
economies paralysed by the coronavirus crisis boosted hopes of a
revival in demand for metals. MET/L
* OIL: Oil prices climbed by more than $1 a barrel,
supported by output cuts and signs of gradual demand recovery
amid easing coronavirus curbs, with U.S. oil showing no signs of
last month's contract expiry price rout. * London stocks closed higher on Friday, as a jump in
China's factory output for the first time in 2020 powered
resource companies, but the benchmark indices ended the week
lower as fears of the economic fall-out of the coronavirus
weighed. * For more on the factors affecting European stocks, please
click on: LIVE/

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.