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Aug 18 (Reuters) - Britain’s FTSE 100 index is seen opening open 10 points lower at 6,118 on Tuesday, according to financial bookmakers, with futures down 0.62% ahead of cash markets open.
* CAPITA: British outsourcer Capita Plc posted a 28.5 million pound ($37.44 million) loss for the first half of 2020, as revenue took a hit due to the coronavirus crisis and said it would not generate sustainable cash flow for up to 2 years.
* MARKS & SPENCER: British retailer Marks & Spencer said it plans to cut 7,000 jobs over the next three months as it streamlines the business for a post COVID-19 sales mix.
* PERSIMMON: Housebuilder Persimmon posted a plunge in first-half profit, as it sold fewer homes due to coronavirus-driven disruptions to construction activity and transactions, but “an excellent start to the second half” helped it reinstate dividend.
* WOOD: Engineering and consultancy company Wood Plc reported a 20.6% fall in first-half core earnings as the coronavirus-driven oil price crash dealt a major blow to its global energy clients.
* COMPASS: Compass Group named the former chief executive officer of Ferguson, Ian Meakins, as its non-executive chairman, replacing Paul Walsh who steps down in December.
* BHP: BHP Group, said it expected most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a 4% drop in annual profit that missed analysts’ estimates.
* GOLD: Gold prices extended gains to inch closer to the $2,000 mark on Tuesday as the dollar weakened, with traders also focusing on minutes from the U.S. Federal Reserve’s last policy meeting set to release this week.
* OIL: Oil prices slipped on Tuesday, though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic.
* METALS: Copper prices rose on Tuesday, as a weakening U.S. dollar made greenback-denominated metals more attractive to buyers using other currencies.
* The UK blue-chip index was up 0.8% on Monday as more stimulus in China powered mining stocks, while investors eyed a slate of economic data due later in the week to gauge the pace of a post-pandemic rebound.
* For more on the factors affecting European stocks, please click on:
TODAY’S UK PAPERS
> Financial Times
> Other business headlines (Reporting by Tanishaa Nadkar in Bengaluru)
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