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

Published 02/03/2020, 08:52
Updated 02/03/2020, 08:54
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on March 2
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(Adds futures and company news items)

March 2 - Britain's FTSE 100 .FTSE index is seen opening 116 points higher

at 6,697 on Monday, according to financial bookmakers, with futures up 2.15%

ahead of cash markets open.

* HISCOX: Insurer Hiscox HSX.L said it has received some claims in

connection with the coronavirus outbreak, after reporting a plunge in 2019

profits. * SENIOR: British Boeing supplier Senior SNR.L reported a fall in both

2019 adjusted and pretax profits and said it expected 2020 margins to fall as

the halt in production of 737 MAX jets weighed on its business. * JUST EAT TAKEAWAY: Online food delivery company Just Eat Takeaway

TKWY.AS said it had started arbitration proceedings against a move by rival

Delivery Hero DHER.DE to increase its stake in the company because it said it

broke a standstill undertaking. * NMC HEALTH: UAE-based hospital operator NMC Health NMC.L said it would

ask its lenders for an "informal" standstill on debt, as it confirmed the

appointment of Moelis MC.N as a financial adviser to assist on talks with its

banks. * OIL: Oil prices pared losses after earlier hitting multi-year lows as

hopes that a bigger than expected production cut from OPEC and stimulus from

central banks could offset economic gloom from the coronavirus outbreak. O/R

* GOLD: Gold rose more than 1%, recouping losses from a steep slide in the

previous session, amid the fast-spreading coronavirus and hopes for a rate cut

by the U.S. Fed. * London's FTSE 100 .FTSE dropped to its lowest level since June 2016 on

Friday as investor fears that the coronavirus outbreak could spark a global

recession intensified. 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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