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UPDATE 1-UK Stocks-Factors to watch on June 3

Published 06/03/2020, 02:54 PM
Updated 06/03/2020, 03:00 PM
© Reuters.
UK100
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TUI1n
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CHG
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UK100
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SSPG
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WIZZ
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(Adds news items)
June 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen
opening higher on Wednesday, with futures FFIc1 up 1% ahead of
the cash market open.
* TUI GROUP: TUI TUIT.L said it had struck a deal with
Boeing BA.N for compensation and slower delivery of the 737
MAX plane, helping its finances during the coronavirus pandemic.
* WIZZ AIR: Wizz Air WIZZ.L grew profits by 30% in the
year to the end of March 2020, but said that it could not
provide guidance for this year because of the COVID-19 pandemic
that has heavily restricted air travel. * SSP: SSP SSPG.L launched a shares for dividend deal,
aimed at having shareholders reinvest this year's 6 pence per
share payout in the company, as it swung to a first-half loss
due to coronavirus-led store closures. * CHEMRING GROUP: Chemring CHG.L stood by its annual
targets and raised its dividend as it posted a jump in half-year
profit, managing to win new orders from the United States
despite the coronavirus crisis. * OFGEM: Britain's energy market regulator Ofgem set out on
Tuesday a scheme to make a total of 350 million pounds ($440
million) available to support energy suppliers that do not have
an investment grade credit rating. * OIL: Oil rose, with Brent at $40 for the first time since
March, as optimism mounted that major producers will extend
production cuts and a recovery from the coronavirus pandemic
will spur fuel demand. O/R
* UK shares ended at near three-month highs on Tuesday amid
continued bets on government stimulus and easing lockdowns
helping a swifter economic recovery from the coronavirus crisis.
* 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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