Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
UK Stocks-Factors to watch on Oct 16
Published at 16/10/2020 at 06:11

Oct 16 (Reuters) - Britain's FTSE 100 index is seen opening 29 points higher at 5,862 on Friday, according to financial bookmakers.

* RIO TINTO: Rio Tinto warned on Friday that a resurgence in coronavirus cases was putting global economic growth at risk, and that steel production outside China has sharply dropped even as stimulus measures prop up demand in the top consumer.

* TRANSPORT FOR LONDON: The British government is offering Transport for London a further 1 billion pounds bailout with demands that the transport operator raise fares and curb the remaining free travel entitlements for children and pensioners, a source familiar with the matter said on Thursday.

* SHELL: Shell Canada has abandoned plans for the possible sale of its Sarnia Manufacturing Centre, it said on Thursday, confirming an earlier media report.

* CAPITA: British outsourcing group Capita Plc received lower-than-expected final offers for its Education Software Solutions unit, Bloomberg News reported on Thursday, citing people with knowledge of the matter.

* The UK blue-chip index closed 1.7% lower, a near-two week low on Thursday as concerns over new coronavirus restrictions and Brexit-related uncertainty prompted investors to book profits after a rally earlier in the month.

* UK CORPORATE DIARY:

Man Group Plc Q3 trading statement

J D Wetherspoon FY results

Jupiter Fund Management Plc Q3 trading statement

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Samantha Machado in Bengaluru)

((Samantha.machado@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK +918061822699; Twitter: ))