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UPDATE 1-UK Stocks-Factors to watch on March 5

Published 05/03/2020, 08:59
Updated 05/03/2020, 09:00
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on March 5
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(Updates futures, add news items)

March 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher

on Thursday, with futures FFIc1 up 0.6% ahead of cash markets open.

* HYVE: UK-based event organiser Hyve HYVE.L said revenue and profit in

2020 will be hit after it postponed four events in Asia, as well as the Shoptalk

2020 and Groceryshop events in the U.S. due to the coronavirus epidemic.

* PREMIER OIL: British North Sea focused oil and gas producer Premier Oil

PMO.L reported a record free cash flow of $327 million last year, up around

30%, adding it would be more than 65% carbon neutral by 2025 and 100% by 2030.

* ITV: British broadcaster ITV ITV.L reported full-year adjusted earnings

of 729 million pounds ($939 million) for 2019, down 10% from a year earlier but

better than the market expectations, reflecting a decline in ad revenue and

strategic investments in the business. * SCHRODERS: British money manager Schroders SDR.L posted a 4% fall in

full-year pretax profit, hit by higher costs and a decrease in revenue margins

as market uncertainty led some investors to sell equities. * ADMIRAL: Car and home insurer Admiral Group Plc ADML.L said that its

co-founder and chief executive officer, David Stevens, would retire in 12

months' time. * CAPITA: Outsourcing group Capita CPI.L reported a sharp rise in net debt

in its full-year results and said it would have to invest more than initially

thought in its ongoing restructuring. * PAGE GROUP: Global recruiter PageGroup PAGE.L said gross profit fell by

3% in the first two months of 2020, mainly hurt by the coronavirus outbreak and

it expects to be hit further by the fast-spreading virus. * SAGA: Travel and insurance group Saga SAGA.L said it has seen a higher

level of near-term cancellations for its cruises and tours due to the

coronavirus epidemic. * RIO TINTO: Investors in Rio Tinto Ltd RIO.AX have renewed efforts to

force the world's biggest iron ore miner to commit to targets that would scale

back emissions of its customers in line with the Paris Agreement on combating

climate change. * FLYBE: British regional airline Flybe collapsed on Thursday after a plunge

in travel demand, making the struggling carrier the industry's first big

casualty of the coronavirus outbreak. * TESCO: Britain's biggest supermarket group, Tesco TSCO.L , will start

price matching Aldi on hundreds of everyday items, firing the latest salvo in

its fight to stem the market share gains of its rival. * INVESTMENT ASSOCIATION: Britain's investment industry trade body has

warned companies ahead of their 2020 annual general meetings that they must

disclose more about how they are handling climate change risk. * GOLD: Gold edged up on Thursday on safe-haven buying fuelled by worries

about the fast-spreading coronavirus, but a rise in equity markets limited

bullion's gains. * OIL: Oil prices climbed higher on Thursday ahead of an OPEC meeting in

which Saudi Arabia is expected to push the group and its allies including Russia

to agree to further output cuts to support the market. * EX-DIVS: BHP Group BHPB.L , Evraz EVRE.L , Persimmon PSN.L , Rio Tinto

RIO.L , RSA Insurance Group SA.L , Standard Chartered STAN.L will trade

without entitlement to its latest dividend pay-out on Thursday, trimming 16.5

points off the FTSE 100 .FTSE , according to Reuters calculations.

* The UK blue-chip index .FTSE closed up 1.5% on Wednesday as investors

bet on possible rate cuts in Europe after the U.S. Federal Reserve's emergency

move to protect the U.S. economy from the impact of the coronavirus on Tuesday.

For more on the factors affecting European stocks, please click on:

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TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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