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UPDATE 1-UK Stocks-Factors to watch on July 13

Published 13/07/2020, 07:50
© Reuters.
UK100
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ABF
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BT
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UK100
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QUIZ
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(Adds futures, news items)
Britain's FTSE 100 .FTSE index is seen opening 52 points higher at 6,148 on
Monday, according to financial bookmakers, with futures FFIc1 up 1.2% ahead of
cash markets open.

* QUIZ: British fashion retailer Quiz QUIZ.L said it had suspended
activity with a supplier following a media report that the supplier was not
meeting legal minimum wage requirements at one of its factories in the English
city of Leicester. * 5G: BT BT.L CEO Philip Jansen on Monday urged the British government not
to move too fast to ban China's Huawei from the 5G network. * PRIMARK: Primark, the fashion retailer owned by AB Foods ABF.L , said it
would not take advantage of a British government scheme to pay employers for
bringing back staff from furlough. * INVESTMENT: Britain will spend 705 million pounds on border infrastructure
to help keep trade flowing after its transition deal with the European Union
expires. * FINANCE: British finance minister Rishi Sunak is preparing to introduce
sweeping tax cuts and an overhaul of planning laws in up to 10 new "freeports"
within a year of the UK's becoming fully independent. * ECONOMY: Britain will suffer the sharpest peak-to-trough economic slump of
any major economy this year. * VACCINE SCHEME: Britain has turned down the chance to join a 2.4 billion
euro European Union plan to secure advance purchases of promising COVID-19
vaccines. * OIL: Oil slipped nearly 1% as traders eyed an OPEC technical meeting this
week which is expected to recommend an easing in supply cuts. * The UK blue-chip index .FTSE closed about 0.8% higher on Friday, propped
up by a rebound in heavyweight financial stocks. * 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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