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UPDATE 1-UK Stocks-Factors to watch on April 1

Published 01/04/2020, 07:48
Updated 01/04/2020, 07:54
© Reuters.

(Adds company news items and futures)
April 1 - Britain's FTSE 100 .FTSE index is seen opening 157 points lower
at 5,515 on Wednesday, according to financial bookmakers, with futures .FFIc1
down 4% ahead of the cash market open.
* TAYLOR WIMPEY: UK housebuilder Taylor Wimpey TW.L said it was cancelling
a planned pay rise and bonus payments for management this year, with directors
also taking a 30% cut in pay for the duration of the coronavirus lockdown.
* AUTO TRADER: Online car market place Auto Trader AUTOA.L said it would
sell up to 46.5 million new shares, worth 5% of its share capital, to
institutional investors to shore up its finances and liquidity position in the
face of the coronavirus crisis. * FINABLR: Payments group Finablr FINF.L named Bhairav Trivedi as its
chief executive officer, after his predecessor Promoth Manghat left when the
company expressed doubts about its ability to continue as a going concern.
* QINETIQ: British defence company Qinetiq Group QQ.L said it would
postpone a decision on whether to propose paying a full-year dividend until
later in 2020, citing uncertainty caused by the coronavirus pandemic.
* OIL: Global crude oil prices slid further, following their biggest-ever
quarterly and monthly losses, as a bigger-than-expected rise in U.S. inventories
and a widening rift within OPEC heightened oversupply fears. O/R
* The UK blue-chip index .FTSE closed up 2% to end its worst quarter since
1987 on a positive note on Tuesday, as a recovery in oil prices and a surprise
expansion in Chinese factory activity stoked modest hopes for an economic
recovery. * 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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