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Funds News

UK Stocks-Factors to watch on Oct. 2

Oct 2 - Britain’s FTSE 100 index is seen opening 16 points lower at 5,863 on Friday, according to financial bookmakers.

* DRAPER ESPRIT: London-based venture capital firm Draper Esprit said on Thursday it plans to raise 100 million pounds ($128.65 million) in equity to invest in digital transition opportunities brought on by the COVID-19 pandemic.

* IAG: British Airways owner IAG announced the results of its 2.74-billion-euro capital increase, saying on Thursday that it sold 100% of the new shares in its plan to help strengthen its pandemic-hit finances.

* GOLD: Gold was headed on Friday for its best weekly gain in nearly two months, despite prices slipping from a more than one-week high as the dollar strengthened amid doubts regarding the U.S. stimulus package.

* OIL: Oil prices extended losses to fall around 2% on Friday after U.S. President Donald Trump tested positive for the coronavirus, while a U.S. stimulus package eluded negotiators amid ongoing worries about demand.

* The UK blue-chip index closed up 0.2% on Thursday on hopes of more U.S. stimulus and signs that the British government would not impose another sweeping national lockdown, but a slide in oil stocks capped gains.

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

TODAY’S UK PAPERS

> Financial Times

> Other business headlines ($1 = 0.7773 pounds) (Reporting by Samantha Machado in Bengaluru; Editing by Vinay Dwivedi)

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