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UK Stocks-Factors to watch on July 6

Published 07/06/2020, 01:41 PM
Updated 07/06/2020, 01:50 PM
© Reuters.
UK100
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SHEL
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SASY
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GSK
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RR
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0RYA
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CGX
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CINE
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July 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 82
points higher at 6,239 on Monday, according to financial bookmakers.

* COVID-19 VACCINE: Britain is close to agreeing a 500-million-pound
($624.75 million) supply deal with Sanofi SASY.PA and GlaxoSmithKline
GSK.L . * HOSPITALITY: British Finance Minister Rishi Sunak plans to raise the
property tax threshold to as high as 500,000 pounds and temporarily cut the
value-added tax in the hospitality sector. * SHELL: Royal Dutch Shell RDSa.L is not ruling out moving its
headquarters from the Netherlands to Britain. * JOB: Britain's government will double the number of its job coaches as
part of a plan to tackle a rise in unemployment. * CINEWORLD: Canadian movie theatre operator Cineplex Inc CGX.TO said it
would sue Cineworld Group Plc CINE.L , seeking damages after the British
company "wrongfully" scrapped its $1.65 bln buyout deal. * RYANAIR: Ryanair RYA.I said it will challenge the Portuguese
government's investment in ailing flag carrier TAP in the European
courts. * AIRLINES: Three of Europe's biggest airlines said Friday they would end a
legal challenge against the British government after it scrapped its quarantine
rule for travellers. * LOCKDOWN: Prime Minister Boris Johnson said he would set out a timetable
next week for when remaining sectors of the British economy would be allowed to
reopen. * ROLLS ROYCE: Rolls-Royce RR.L said on Friday it was reviewing a range of
options to strengthen its balance sheet and position itself for
recovery. * OIL: Oil prices offered up a mixed market snapshot, with Brent crude
edging higher. * The UK blue-chip index .FTSE slid 1.3% on Friday, as a record surge in
U.S. COVID-19 cases made investors question the chance of a swift global
economic recovery. 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


($1 = 0.8003 pounds)

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