Microvast Holdings announces departure of chief financial officer
(Adds company news items and futures)
March 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 136
points lower on Wednesday, according to financial bookmakers, with futures down
3.7% ahead of cash market open.
* MARSTON'S: Pub operator Marston's MARS.L said it was now unlikely to
recommend an interim dividend and was in discussions to have the option of
having debt covenants waived later this year as it prepared for a major hit to
sales from the coronavirus shutdown. * RESTAURANT GROUP: Frankie & Benny's owner Restaurant Group RTN.L warned
that comparable sales would fall 25% in the current fiscal year due to a hit
from the rapidly spreading coronavirus. * PENDRAGON: British auto retailer Pendragon PDG.L said the coronavirus
spread in the UK could reduce footfall and affect financial performance, but the
company added it was too early to quantify the impact. * FERREXPO: Ferrexpo FXPO.L delayed its decision to declare a final
dividend due to the uncertainty caused by the coronavirus pandemic, even as the
iron ore pellets producer posted a jump in annual core profit on higher realised
prices. * MORRISONS: British supermarket group Morrisons MRW.L cautioned on
Wednesday it was facing "unprecedented challenges and uncertainty" dealing with
coronavirus. * ECONOMY: Britain said it would launch a 330 billion-pound ($399 billion)
lifeline of loan guarantees and provide a further 20 billion pounds in tax cuts,
grants and other help for businesses facing the risk of collapse from the spread
of coronavirus. * CORONAVIRUS: Courts in England and Wales dealing with serious crimes will
not start trials if they are likely to last for more than three days because of
the spread of coronavirus, the head of the judiciary said on Tuesday.
* CORONAVIRUS: The number of people in Britain who have died after testing
positive for coronavirus rose to 71 on Tuesday after another 14 deaths in
England. * METALS: Most industrial metals rose on the London Metal Exchange (LME),
bouncing back from heavy losses in the previous session on hopes of a U.S.
stimulus package and as miners reduced operations in response to the coronavirus
outbreak. * OIL: Oil prices steadied early after sliding to their lowest in four
years, sapped by fears for fuel demand and the global economy amid travel and
social lockdowns triggered by the coronavirus epidemic in a number of countries
around the world. * GOLD: Gold prices inched higher as additional stimulus from the United
States eased some concerns over the economic impact of the coronavirus and
halted a trend of selling precious metals for cash, although a strong dollar
capped gains. * London's main share index rose on Tuesday as the U.S. Federal Reserve's
move to purchase short-term corporate debt and Britain's expected rescue package
to help coronavirus-hit businesses brought back some confidence among investors.
TODAY'S UK PAPERS
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