July 13, 2020 / 5:26 AM / a month ago

UK Stocks-Factors to watch on July 13

Britain's FTSE 100 index is seen opening 52 points higher at 6,148 on
Monday, according to financial bookmakers.

    * PRIMARK: Primark, the fashion retailer owned by AB Foods, said it
would not take advantage of a British government scheme to pay employers for
bringing back staff from furlough.
    * INVESTMENT: Britain will spend 705 million pounds on border infrastructure
to help keep trade flowing after its transition deal with the European Union
expires.
    * FINANCE: British finance minister Rishi Sunak is preparing to introduce
sweeping tax cuts and an overhaul of planning laws in up to 10 new "freeports"
within a year of the UK's becoming fully independent.
    * OFFICE WORK: British Prime Minister Boris Johnson will tell employers next
week to start ordering staff back into their places of work.
    * HUAWEI: Huawei Technologies          has requested a meeting with UK Prime
Minister Boris Johnson to work out a deal to delay its potential removal from
the country's 5G phone network.
    * ECONOMY: Britain will suffer the sharpest peak-to-trough economic slump of
any major economy this year.
    * G4S: G4S said on Friday it had agreed to pay 44.4 million pounds
to the UK Serious Fraud Office (SFO) to avert criminal charges.
    * VACCINE SCHEME: Britain has turned down the chance to join a 2.4 billion
euro European Union plan to secure advance purchases of promising COVID-19
vaccines.
    * OIL: Oil slipped in early Asian trade as traders eyed an OPEC technical
meeting this week which is expected to recommend an easing in supply
cuts.
    * The UK blue-chip index closed about 0.8% higher on Friday, propped
up by a rebound in heavyweight financial stocks.
    
    * UK CORPORATE DIARY:       
 Centamin                Q2 report
 
    * For more on the factors affecting European stocks, please click on:
    
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            

 (Reporting by Tapanjana Rudra)
  
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