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UK Stocks-Factors to watch on March 9

Published 09/03/2020, 06:20
Updated 09/03/2020, 06:27
© Reuters.  UK Stocks-Factors to watch on March 9

March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down

419 points on Monday, according to financial bookmakers.

* COVID-19: Britain on Sunday advises citizens against all but essential

travel to a number of areas in northern Italy because of the spread of

coronavirus there. * WIZZ AIR: A Wizz Air WIZZ.L press conference in Abu Dhabi scheduled for

Tuesday, where Chief Executive Jozsef Varadi was due to attend, has been

cancelled due to the coronavirus, organisers said on Sunday.

* TESCO: British retailer Tesco TSCO.L is set to assess bids by Thai

billionaires for its Asian business on Sunday, a potential deal which could be

worth just over $10 billion, four banking sources with knowledge of the matter

said. * BRITISH INSURERS: Insurers are expected to pay policyholders an estimated

363 million pounds ($471.79 million) for flood and wind damage from two storms

in Britain last month, the Association of British Insurers said on Saturday.

* OIL: Oil prices plummeted around 30% on Monday, with U.S. oil heading for

its biggest loss on record, after Saudi Arabia slashed prices and set plans for

a dramatic increase in crude production in April. * GOLD: Gold prices rose above the $1,700 per ounce level on Monday for the

first time in more than seven years, after a stock market rout due to concerns

over a widening coronavirus outbreak and its economic impact drove investors

towards safe-haven assets. * The UK blue-chip index .FTSE closed down 3.6% on Friday as growing

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economic risks from the coronavirus outbreak fuelled investor worries and added

to the sell-off on global stock markets. Fears about the virus also sparked a

flight to the safety of bonds. UK CORPORATE DIARY:

NMC Health PLC NMC.L Q4 2019 Earnings

JPMorgan JCH.L Full Year Earnings

Claverhouse

Investment

Trust

Abcam PLC ABCA.L Half Year 2020 Earnings

Endeavour EDV.TO Q4 2019 Earnings

Mining Corp

Countrywide PLC CWD.L Full Year 2019 Earnings

Studio Retail STUS.L Trading Statement

Group PLC

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

LIVE/

TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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