(Adds company news items, futures)
Oct 6 - Britain’s FTSE 100 index is seen opening 16 points higher at 5,959 on Tuesday, according to financial bookmakers, with futures down 0.03% ahead of cash markets open.
* RESTAURANT GROUP: Frankie and Benny’s owner Restaurant Group slipped into a first-half loss and withdrew its forecast, with renewed coronavirus restrictions in the UK forcing it to retain a cautious outlook for the short term.
* PREMIER OIL: Premier Oil said it has reached an all-share merger deal with oil exploration and production company Chrysaor that will result in a cash payment of $1.23 billion to creditors of the debt-saddled British firm.
* FINABLR: Finablr said technology and software solutions firm Prism Advance Solutions has made a takeover offer for the UK-listed payments group that includes restructuring and settlement of its debts, but gave no further details on the bid size.
* OIL: Oil prices edged higher in early trade on Tuesday following U.S. President Donald Trump’s return to the White House after being admitted to a hospital for COVID-19 treatment last Friday, while another storm brewed in the U.S. Gulf of Mexico.
* GOLD: Gold prices dipped on Tuesday, as equities gained after U.S. President Donald Trump was discharged from hospital after treatment for a coronavirus infection, though a softer dollar limited losses.
* The UK blue-chip index closed 0.7% higher on Monday, lifted by oil stocks as crude prices jumped after doctors treating U.S. President Donald Trump for COVID-19 hinted that he was doing well, while Cineworld fell sharply after it said it was considering temporarily closing all U.S. and UK screens.
* For more on the factors affecting European stocks, please click on:
TODAY’S UK PAPERS
> Financial Times
> Other business headlines (Reporting by Samantha Machado in Bengaluru; Editing by Vinay Dwivedi)
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