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UPDATE 1-UK Stocks-Factors to watch on June 2

Published 02/06/2020, 07:51
Updated 02/06/2020, 07:54
© Reuters.

(Adds news items, updates futures)
June 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen
opening higher on Tuesday, with futures FFIc1 up 0.2% ahead of
cash market open.

* TESCO: Retailer Tesco TSCO.L said Chief Financial
Officer Alan Stewart has decided to retire on April 30 next
year. * CARD FACTORY: Card Factory CARDC.L said it was unable to
give an outlook for the 2021 financial year and signalled it
would reopen slowly. * MEDICLINIC: Mediclinic International MDCM.L reported a
net loss for the full year ended March 31, the company said.
* HOUSE PRICES: Britain's house prices fell by the most in
more than 11 years in May as the coronavirus crisis hammered the
market, mortgage lender Nationwide said. * GATWICK AIRPORT: A British lawmaker who represents the
area that includes Gatwick Airport said he hoped the quarantine
plan for international travellers would be reviewed in the next
few weeks and scrapped by July 1. * STIMULUS PACKAGE: British Finance Minister Rishi Sunak is
considering national insurance holidays for companies as part of
a coronavirus stimulus package that will be announced in July,
The Daily Telegraph newspaper reported late on Monday.
* GOLD: Gold prices held on to last session's more than
one-week high on concerns around U.S.-China relations and as
rising violent protests in the United States stoked fears of a
resurgence in virus cases, while optimism on reopening of
economies checked their rise. * OIL: Oil prices rose, with traders waiting to see whether
major producers agree to extend their huge output cuts to shore
up prices at a virtual meeting expected later this week.
* London-listed shares ended higher on Monday as markets
took heart from a scaling back of coronavirus restrictions, with
consumer stocks among the best performers. * 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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