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UK Stocks-Factors to watch on June 10
Published at 10/06/2021 at 06:14

June 10 (Reuters) - Britain's FTSE 100 index is seen opening 15 points higher at 7,096 on Thursday, according to financial bookmakers.

* MORRISONS: Morrisons became the latest British supermarket group to be targeted by activist shareholders over the amount of unhealthy food it sells.

* DRAX GROUP: Drax Group has signed a long-term deal for carbon capture technology with Japan's Mitsubishi Heavy Industries (MHI) , paving the way for negative emissions from its UK plant by 2030, the firms said.

* STUDY: A study of side-effects following vaccination with AstraZeneca's

anti-COVID-19 shot in Scotland found only an association with a largely harmless bleeding condition and no link to brain clots, underscoring the rarity of potential complications.

* AIRLINES: Airlines based in Britain have told the government they will need industry-specific support to help them survive if COVID-19 rules continue to keep travel markets shut.

* HOUSE PRICES: A rush by home-buyers to beat an end-of-June deadline for a tax break and a shortage of properties in the market helped to push a measure of British house prices to its highest level since 1988 in May, a survey showed.

* GOLD: Gold prices were on the back foot as the dollar ticked higher but traded in a narrow range as investors turned cautious ahead of the European Central Bank meeting and U.S. inflation data later in the day.

* OIL: Oil prices fell as inventory data in the United States showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the start of summer, the country's peak season for motoring.

* The UK blue-chip index closed 0.2% lower on Wednesday after broadly underperforming their European peers, dragged down by heavyweight financial and mining stocks in a thin trading session before a key European Central Bank meeting and U.S. inflation numbers.


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


> Financial Times

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(Reporting by Priyanshi Mandhan in Bengaluru)

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