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UPDATE 1-UK Stocks-Factors to watch on March 10

Published 10/03/2020, 08:56
Updated 10/03/2020, 09:00
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on March 10

(Adds futures, news items)

March 10 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 138

points higher on Tuesday, according to financial bookmakers, with futures

FFIc1 up 1.2% ahead of the cash market open.

* M&G: British insurer and asset manager M&G MNG.L posted an in-line 2019

adjusted operating profit of 1.15 billion pounds ($1.5 billion) and said it

would pay a special demerger dividend. * STANDARD LIFE ABERDEEN: British asset manager Standard Life Aberdeen

SLA.L posted a 10% fall in full-year adjusted pretax profit, hit by the impact

of lower revenues as investors continued to pull money from its funds.

* JOHN MENZIES: Aviation services group John Menzies MNZS.L said it would

temporarily suspend its dividend, days after it warned that the coronavirus

outbreak would hurt its 2020 profit. * TP ICAP: TP ICAP TCAPI.L said the volatility in financial markets from

ongoing uncertainties were creating market opportunities for the world's largest

inter-dealer broker. * LSL PROPERTY SERVICES: British real estate agent LSL Property Services

LSL.L said it had seen slightly weaker demand in recent days due to the

coronavirus outbreak, adding that the situation may create headwinds for the

business in 2020. * SANTANDER UK: Santander UK SANS_p.L has appointed Nationwide executive

Tony Prestedge as its deputy CEO, handing him a mandate to lead transformation

of the lender as it battles to gain market share from high street

rivals. * INFORMA: Informa INF.L , the world's largest exhibitions group, said that

128 events with an estimated revenue of 425 million pounds ($554.37 million)

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have been delayed or cancelled due to the coronavirus outbreak. * WALL STREET: Wall Street suffered its biggest one-day loss since the 2008

financial crisis on Monday and recession worries loomed large as tumbling oil

prices and ongoing coronavirus fears prompted investor panic on the anniversary

of the U.S. stock market's longest-ever bull run. * KKR: Private equity firm KKR & Co Inc KKR.N said late on Monday an

employee in its London office had tested positive for coronavirus, and that it

would temporarily close both its London offices to have them sanitized.

* BHP GROUP: BHP Group BHP.AX , BHPB.L is in good shape to take action

should supply chain disruption caused by the global coronavirus epidemic trigger

acquisition opportunities, the global miner's Chairman Ken MacKenzie said on

Tuesday. * NMC HEALTH: GKSD Investment Holding on Monday pulled out of preliminary

stages of considering an offer for NMC Health NMC.L , days after the UAE-based

hospital operator was relegated from London's bluechip index .FTSE .

* PLAYTECH: Gambling software maker Playtech PTEC.L said on Monday its

Snaitech betting units in Italy will remain closed until April 3, as per the

government's decree on all betting shops, arcades and bingo halls to halt the

coronavirus spread. * OIL: Oil prices bounced back 7% on Tuesday from the biggest one-day rout

in nearly 30 years, as investors eyed the possibility of economic stimulus

despite a price war between top producers Saudi Arabia and Russia. * GOLD: Gold prices fell 1% on Tuesday, retreating from the last session's

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jump above the key $1,700 level, as hopes for global stimulus measures to

cushion the economic impact of the coronavirus outbreak lifted riskier assets

and the dollar. * London's FTSE 100 .FTSE plunged to an almost four-year low on Monday as

a crash in oil prices driven by a price war between Saudi Arabia and Russia

stoked global recession fears, with investors alarmed about the economic fallout

of the coronavirus outbreak. For more on the factors affecting European stocks, please click on:

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