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UK Stocks-Factors to watch on July 13

Published 07/13/2020, 01:23 PM
Updated 07/13/2020, 01:30 PM
© Reuters.
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Britain's FTSE 100 .FTSE index is seen opening 52 points higher at 6,148 on
Monday, according to financial bookmakers.

* PRIMARK: Primark, the fashion retailer owned by AB Foods ABF.L , said it
would not take advantage of a British government scheme to pay employers for
bringing back staff from furlough. * INVESTMENT: Britain will spend 705 million pounds on border infrastructure
to help keep trade flowing after its transition deal with the European Union
expires. * FINANCE: British finance minister Rishi Sunak is preparing to introduce
sweeping tax cuts and an overhaul of planning laws in up to 10 new "freeports"
within a year of the UK's becoming fully independent. * OFFICE WORK: British Prime Minister Boris Johnson will tell employers next
week to start ordering staff back into their places of work. * HUAWEI: Huawei Technologies HWT.UL has requested a meeting with UK Prime
Minister Boris Johnson to work out a deal to delay its potential removal from
the country's 5G phone network. * ECONOMY: Britain will suffer the sharpest peak-to-trough economic slump of
any major economy this year. * G4S: G4S GFS.L said on Friday it had agreed to pay 44.4 million pounds
to the UK Serious Fraud Office (SFO) to avert criminal charges. * VACCINE SCHEME: Britain has turned down the chance to join a 2.4 billion
euro European Union plan to secure advance purchases of promising COVID-19
vaccines. * OIL: Oil slipped in early Asian trade as traders eyed an OPEC technical
meeting this week which is expected to recommend an easing in supply
cuts. * The UK blue-chip index .FTSE closed about 0.8% higher on Friday, propped
up by a rebound in heavyweight financial stocks. UK CORPORATE DIARY:
Centamin CEY.L Q2 report

* For more on the factors affecting European stocks, please click on:
LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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