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UPDATE 1-UK Stocks-Factors to watch on April 21

Published 04/21/2020, 02:50 PM
Updated 04/21/2020, 03:00 PM
© Reuters.
UK100
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SHEL
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ABF
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TLW
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PHARP
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QLT
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CLSN
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(Adds company news items and futures)
April 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 125
points lower at 5,688 on Tuesday, according to financial bookmakers, with
futures down 1.41% ahead of cash market open.
* CALISEN: British smart meter company Calisen CLSN.L said it expects its
Lowri Beck division to post a loss in 2020 after the company halted
installations of its meters and other field services because of the coronavirus
lockdown. * QUILTER: Asset management group Quilter QLT.L is pushing ahead with its
dividend payout and its share buyback scheme in spite of COVID-19 market
volatility, after posting first quarter net inflows of 500 million pounds
($620.30 million). * ASSOCIATED BRITISH FOODS: Primark owner Associated British Foods ABF.L
said it would not pay an interim dividend and could not provide earnings
guidance for the remainder of its 2019-20 year because of uncertainty caused by
the coronavirus crisis. * TULLOW OIL: Tullow Oil TLW.L said it had appointed Rahul Dhir, who
currently leads Africa-focused oil and gas producer Delonex, as its new chief
executive. * LSE: The London Stock Exchange said it was committed to completing its $27
billion takeover of data and analytics company Refinitiv in the second half of
the year as coronavirus-related volatility in markets lifted first quarter
income. * PHAROS ENERGY: Pharos Energy PHARP.L said it was withdrawing from a
consortium evaluating the acquisition of Shell Egypt NV's RDSa.L assets in
Western Desert in Egypt, amid a collapse in global oil prices. * OIL: Oil prices rebounded on Tuesday, with U.S. crude turning positive
after trading below $0 for the first time ever, but gains were capped amid
unresolved concerns about how the market can cope with fuel demand decimated by
the coronavirus pandemic. * GOLD: Gold prices slipped, having risen as much as 1% in the previous
session as the dollar firmed, although losses were capped by a fragile equities
market. * The UK blue-chip index .FTSE closed up 0.5% on Monday, helped by
consumer staple giants and drugmakers, but a collapse in oil prices and nerves
about the corporate earnings season kept a lid on the gains. For more on the factors affecting European stocks, please click on:
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