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UPDATE 1-UK Stocks-Factors to watch on March 19

Published 03/19/2020, 04:07 PM
Updated 03/19/2020, 04:08 PM
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on March 19
UK100
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NXT
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BRBY
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IGG
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PZC
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PTEC
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ENQ
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OCDO
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DLGD
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CRST
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(Adds company news items and futures)
March 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down
191 points on Thursday, according to financial bookmakers, with futures up about
1% ahead of cash market open.
* IG GROUP: Financial trading platform IG Group IGG.L reported a 29% jump
in third-quarter revenue, as client activity on its website peaked due to
"exceptionally high" market volatility set off by the coronavirus outbreak and
the oil price crash. * CREST NICHOLSON: British housebuilder Crest Nicholson CRST.L cancelled
payment of its final dividend along with financial forecasts for 2020.
* ENQUEST: British North Sea oil and gas producer EnQuest ENQ.L said it
aims to break even this year at $38 a barrel and does not expect to restart its
Heather and Thistle/Deveron fields, which produced 6,000 barrel of oil
equivalent per day (boed) last year. * DIRECT LINE: UK's biggest motor insurer Direct Line DLGD.L halted its
250 million pounds ($288.53 million) share buyback programme on Thursday and
said it expected a jump in travel insurance claims, while motor insurance claims
could fall temporarily due to the coronavirus outbreak. * PZ CUSSONS: British cosmetics and soap maker PZ Cussons Plc PZC.L named
Avon Products executive Jonathan Myers as its new chief executive officer,
replacing Alex Kanellis, who retired in January. * OCADO: British online supermarket Ocado OCDO.L said growth in the last
three weeks was double that of its first quarter, as panicked shoppers stock up
on goods ahead of an expected shutdown to tackle the coronavirus. * BURBERRY: Luxury British brand Burberry BRBY.L said the drop-off in
demand due to coronavirus had intensified, pushing comparable retail store sales
between 40% and 50% lower over the last six weeks. * PLAYTECH: Gambling software maker Playtech PTEC.L said it has suspended
all shareholder returns as it focuses on preserving cash during the global
crisis that has particularly hurt its sports business. * JOULES GROUP: British fashion retailer Joules Group JOUL.L cancelled its
interim dividend and said the industry was in need of more support from the
government, as it reported lower store traffic due to the outbreak. * NEXT: British clothing retailer Next NXT.L said the industry was facing
a crisis that is unprecedented in living memory, but believes that its balance
sheet and margins will help it weather the storm. * GOLD: Gold prices fell more than 1% on Thursday in volatile trade, as
investors sought to hoard cash in unstable market conditions despite additional
measures from the European Central Bank to deal with the economic fallout from
the coronavirus outbreak. * OIL: Oil prices rose on Thursday but pared early gains as investors tried
to assess how effective massive stimulus by central banks will be in shoring up
the global economy as the shock from the coronavirus pandemic deepens.
* The UK blue-chip index .FTSE closed down 4% on Wednesday as more
companies warned of a severe hit to earnings from the coronavirus outbreak even
as policymakers pushed for fresh stimulus measures to support global growth.
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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