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UPDATE 1-UK Stocks-Factors to watch on April 27

Published 04/27/2020, 02:46 PM
Updated 04/27/2020, 02:50 PM
© Reuters.
UK100
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IHG
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ADML
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RDW
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AHT
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UK100
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(Adds company news items and futures)
April 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 69
points higher at 5,821 on Monday, according to financial bookmakers, with
futures .FFIc1 up 1.30% ahead of cash market open.
* INTERCONTINENTAL HOTELS: Holiday Inn-owner InterContinental Hotels IHG.L
said it had agreed changes to the terms of its borrowing with creditors and made
use of UK government supported loans as it predicted a 25% plunge in global
revenue per available room in the first quarter. * REDROW: UK housebuilder Redrow RDW.L will not restart construction on
its sites before May 18, the company said, much later than the dates announced
last week by a handful of its peers. * ADMIRAL: British insurer Admiral ADML.L has suspended plans to pay a
special dividend of 20.7 pence per ordinary share, although it will continue to
pay its planned normal dividend of 56.3 pence, it said. * ASHTEAD: Equipment rental firm Ashtead AHT.L warned that its annual
profit would come in lower than last year and said it had taken out an extra
$500 million in debt, as the company faces a slump in rentals due to the
coronavirus-led shutdowns. * OIL: Oil prices fell on signs that worldwide oil storage is filling
rapidly, raising concerns that production cuts will not be fast enough to catch
up with the collapse in demand from the coronavirus pandemic. O/R
* The UK blue-chip index .FTSE closed 1.3% lower on Friday, weighed down
by falling oil majors BP and Shell, while retail sales data showed the scale of
the economic fallout 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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