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UPDATE 1-UK Stocks-Factors to watch on June 12

Published 12/06/2020, 07:50
Updated 12/06/2020, 07:54
© Reuters.
UK100
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INF
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MAB
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(Adds company news items, futures)
June 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 17
points lower at 6,060 on Friday, according to financial bookmakers, with futures
down 1.44% ahead of cash market open.
* IQE: British technology firm IQE IQE.L forecast a 27% jump in first-half
revenue and said it expects to return to profitability, thanks to strong
performance of its wireless equipment and light sensors businesses. * MITCHELLS & BUTLERS: Pub owner Mitchells & Butlers Plc MAB.L said on
Friday it had obtained debt waivers from its creditors in exchange for an
agreement to not return money to shareholders or repay bond debt until at least
September 2021. * INFORMA: Informa INF.L said it expects its yearly revenue to fall by a
third as the coronavirus crisis forced cancellations of conferences and other
major gatherings organised by its events business. * OIL: Oil prices fell on Friday, extending heavy overnight losses as a
surge in U.S. coronavirus cases this week raised the prospect of a second wave
of the COVID-19 outbreak hitting demand in the world's biggest consumer of crude
and fuel. * GOLD: Gold dipped on Friday on a stronger dollar, while concerns over a
second wave of coronavirus infections and a protracted economic recovery limited
losses, keeping the metal on track for its first weekly rise in four weeks.
* The UK blue-chip index .FTSE closed 4% lower on Thursday, hurt by fears
of a new wave of COVID-19 infections in the United States and a bleak economic
outlook by the Federal Reserve. * For more on the factors affecting European stocks, please click on:
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TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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