UK Stocks-Factors to watch on Oct. 12

Oct 12 - Britain’s FTSE 100 index is seen opening 6 points higher at 6,022 on Monday, according to financial bookmakers.

* SHELL: Royal Dutch Shell Plc on Saturday said its mobile drilling units were returning to the Gulf of Mexico to restart operations after Hurricane Delta.

* ASTRAZENECA: The U.S. government has awarded $486 million to AstraZeneca Plc to develop and secure supplies of up to 100,000 doses of COVID-19 antibody treatment, a similar class of drug that was used in treating President Donald Trump.

* MARKS & SPENCER: British retailer Marks & Spencer, seeking to avoid a repeat of last Christmas when its performance was ruined by excessive food waste, is rolling out a supply chain programme it says will crack the problem.

* OIL: Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.

* GOLD: Gold fell back from a three-week high on Monday as the dollar firmed, although hopes for a new U.S. coronavirus aid package checked the precious metal’s losses.

* The UK blue-chip index closed 0.7% higher on Friday, as a new jobs support plan and advancements in Brexit talks eclipsed worries about a fresh surge in COVID-19 cases.

* For more on the factors affecting European stocks, please click on:


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