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

Published 01/06/2020, 07:56
Updated 01/06/2020, 08:00
© Reuters.

(Adds futures, news items)
June 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen
opening 53 points higher on Monday, according to financial
bookmakers, with futures FFIc1 up 1.4%.

* FCA: Britain's Financial Conduct Authority said it has
selected a sample of insurance policy wordings for a court to
consider in July, if insurers should pay claims from companies
hit by the COVID-19 pandemic. * ASTRAZENECA: AstraZeneca AZN.L and Merck & Co Inc
MRK.N said their cancer drug, Lynparza, has received positive
recommendation from the European Medicines Agency as a
maintenance treatment for a form of pancreatic
cancer. * ASTRAZENECA: AstraZeneca AZN.L said the U.S. Food and
Drug Administration has approved its drug for reducing the risk
of a first heart attack or stroke in high-risk patients with
coronary artery disease. * TED BAKER: Ted Baker TED.L rolled out plans to raise 95
million pounds through a stock issue to help it ride out the
challenges posed by the coronavirus. * PRIMARK: Primark is working to re-open all its 153 stores
in England on June 15, its owner Associated British Foods
ABF.L said. * SHAFTESBURY/CAPCO: Capital & Counties Properties CAPCC.L
said it had sealed the purchase of Hong Kong tycoon Samuel Tak
Lee's 26.3% stake in Shaftesbury SHB.L . * GOLD: Gold prices rose as riots in major U.S. cities
rattled investors already reeling from strained Sino-U.S.
relations and boosted demand for the safe-haven metal.
* OIL: Oil prices were little changed, with OPEC considering
meeting as soon as this week to discuss whether to extend record
production cuts beyond end-June. * UK shares ended lower on Friday as fears of Washington's
response to Beijing tightening its control over Hong Kong
tempered optimism over an eventual economic recovery from the
coronavirus crisis. 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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