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UPDATE 1-UK Stocks-Factors to watch on March 2

Published 03/02/2020, 03:52 PM
Updated 03/02/2020, 03:56 PM
UPDATE 1-UK Stocks-Factors to watch on March 2

(Adds futures and company news items)
March 2 - Britain's FTSE 100 .FTSE index is seen opening 116 points higher
at 6,697 on Monday, according to financial bookmakers, with futures up 2.15%
ahead of cash markets open.
* HISCOX: Insurer Hiscox HSX.L said it has received some claims in
connection with the coronavirus outbreak, after reporting a plunge in 2019
profits. * SENIOR: British Boeing supplier Senior SNR.L reported a fall in both
2019 adjusted and pretax profits and said it expected 2020 margins to fall as
the halt in production of 737 MAX jets weighed on its business. * JUST EAT TAKEAWAY: Online food delivery company Just Eat Takeaway
TKWY.AS said it had started arbitration proceedings against a move by rival
Delivery Hero DHER.DE to increase its stake in the company because it said it
broke a standstill undertaking. * NMC HEALTH: UAE-based hospital operator NMC Health NMC.L said it would
ask its lenders for an "informal" standstill on debt, as it confirmed the
appointment of Moelis MC.N as a financial adviser to assist on talks with its
banks. * OIL: Oil prices pared losses after earlier hitting multi-year lows as
hopes that a bigger than expected production cut from OPEC and stimulus from
central banks could offset economic gloom from the coronavirus outbreak. O/R
* GOLD: Gold rose more than 1%, recouping losses from a steep slide in the
previous session, amid the fast-spreading coronavirus and hopes for a rate cut
by the U.S. Fed. * London's FTSE 100 .FTSE dropped to its lowest level since June 2016 on
Friday as investor fears that the coronavirus outbreak could spark a global
recession intensified. 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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