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UPDATE 1-UK Stocks-Factors to watch on April 6

Published 04/06/2020, 02:49 PM
Updated 04/06/2020, 02:50 PM
© Reuters.

(Adds company news items)
April 6 (Reuters) - Britain's FTSE 100 futures .FFIc1 up 2.80% on Monday.

* SAGE: Software group Sage SGE.L said revenue growth will be below its
previous targets and suspended a 250-million pound share buyback, as it looks to
shore up its liquidity during the coronavirus pandemic. * STHREE: British recruiting firm SThree STEMS.L said it would scrap the
final dividend for 2019 and that it was actively exploring options to support
operations across regions, as it battles the impact of the coronavirus on the
recruitment industry. * ROLLS-ROYCE: British aero-engine maker Rolls-Royce RR.L said it was
scrapping its targets and its final dividend, taking steps to shore up its
finances as airlines around the world ground planes due to the coronavirus
pandemic. * WH SMITH: British books, newspaper and stationery retailer WH Smith
SMWH.L said it had secured new lending facilities of 120 million pounds ($147
million) to get it through the coronavirus crisis which are conditional on
raising new equity. * NMC HEALTH: Troubled hospital group NMC Health NMC.L said it is in talks
with Abu Dhabi Commercial Bank ADCB.AD , seeking to convince it to withdraw an
application that the lender had filed proposing that NMC be placed under
administration. * The UK blue-chip index .FTSE closed down 1.2%, its fifth weekly decline
in six on Friday, with insurers leading losses after a European Union regulator
urged them to halt shareholder payouts, while oil stocks retreated after a
recent surge. For more on the factors affecting European stocks, please click on:
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TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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