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UK Stocks-Factors to watch on March 23

Published 03/23/2020, 01:26 PM
Updated 03/23/2020, 01:30 PM
© Reuters.

March 23 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening down 379 points on Monday, according to financial
bookmakers.

* TESCO: Britain's market-leading supermarket chain Tesco
TSCO.L said on Friday it would hire 20,000 people to work in
its stores for at least the next 12 weeks to cope with an
unprecedented increase in demand for food and household
products. * TED BAKER: Troubled fashion retailer Ted Baker Plc TED.L
said on Friday it has shut businesses that accounted for about
38% of its global retail sales in 2020 due to the coronavirus
outbreak. * BP: A 160,000 barrel-per-day (bpd) refinery owned by BP
Plc BP.L and Husky Energy HSE.TO in Toledo, Ohio has shut a
3,000 bpd alkylation unit, according to a source familiar with
plant operations. * ABF: Associated British Foods Plc ABF.L intends to close
its 189 Primark stores in the United Kingdom from Sunday night
after cancelling all new orders from suppliers as demand shrinks
due to the virus outbreak, the Financial Times reported.
* RICHARD BRANSON: British entrepreneur Richard Branson said
on Sunday companies in his Virgin empire will be investing $250
million in coming weeks and months to save jobs from the impact
of the coronavirus outbreak. * GOLD: Gold prices fell on Monday as investors stockpiled
cash, with a rising numbers of coronavirus-led national
lockdowns threatening to overshadow stimulus measures from
global central banks to combat the economic damage. * OIL: Oil prices fell on Monday as governments escalated
lockdowns to curb the virus outbreak that has slashed the demand
outlook for oil and threatened a global economic contraction.
* The UK blue-chip index .FTSE closed up 0.8% on Friday as
UK shares managed to end a tumultuous week in positive territory
on Friday, as investors pinned hopes on more stimulus actions.
UK CORPORATE DIARY:
Pennant PNIG.L FY Results
International
Group
NMC Health PLC NMC.L Q4 2019 Earnings
Release
Pacific Assets PACA.L Full Year 2020
Trust PLC Earnings Release
Orchard Funding ORCH.L Half Year 2020
Group PLC Earnings Release
Rockrose Energy RRE.L Full Year 2019
PLC Earnings Release
Medica Group MGPM.L Full Year 2019
PLC Earnings Release
JPMorgan JAM.L Full Year 2019
American Earnings Release
Investment
Trust
Countrywide PLC CWD.L Full Year 2019
Earnings Release
Studio Retail STUS.L Trading Statement
Group PLC Release

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* 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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