July 3, 2020 / 5:30 AM / a month ago

UK Stocks-Factors to watch on July 3

    July 3 (Reuters) - Britain's FTSE 100 index is seen opening 6 points
higher at 6,246 on Friday, according to financial bookmakers.
    
    * RIO TINTO: Rio Tinto cut estimated reserves at its underground
copper mine extension in Mongolia and confirmed it would face delays and higher
costs after ground instability forced it to redesign its mine plan.
    * RIO TINTO: Turquoise Hill Resources Ltd said it has decided to
defer further discussions on any interim funding arrangements with Rio Tinto
 for its Mongolian copper project.
    * UK FACTORIES: British factories are increasingly planning to lay off
workers, a warning sign for the economy as it tries to recover from the
coronavirus pandemic, an industry survey showed.
    * QUARANTINE RULE: Britain's government will lift its COVID-19 quarantine
requirement for people arriving in England from countries including Germany,
France, Spain and Italy from July 10.
    * SHELL: Oil majors Eni and Royal Dutch Shell were aware
that most of the money they spent to buy a Nigerian oilfield in 2011 would go in
corrupt payments to politicians and officials, a prosecutor said.
    * OIL: Oil prices eased, reversing earlier gains, as the resurgence of the
coronavirus globally and in the United States, the world's largest oil consumer,
stoked worries that a fuel demand recovery could stall.
    * GOLD: Gold was flat, trading in a narrow $4 range on Friday, as worries
over surging coronavirus cases globally and lingering trade tensions between the
United States and China overshadowed strong U.S. jobs data.
    * The UK blue-chip index closed up 1.3% on Thursday, as signs of
progress in developing a COVID-19 vaccine bolstered hopes of a post-pandemic
economic recovery.
    
    * UK CORPORATE DIARY:       
 Fuller, Smith & Turner            FY results
 
    * 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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