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UPDATE 1-UK Stocks-Factors to watch on Sept. 30

Published 30/09/2020, 07:53
© Reuters.
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(Adds futures, news items)
Sept 30 - Britain's FTSE 100 .FTSE index is seen opening 20 points lower
at 5,877 on Wednesday, according to financial bookmakers, with futures FFIc1
down 0.7% ahead of cash market open.

* SHELL: Royal Dutch Shell RDSa.L announced plans to cut up to 9,000 jobs,
or over 10% of its workforce, as part of a major overhaul to shift the oil and
gas giant to low-carbon energy. * COMPASS: Compass Group CPG.L expects annual organic revenue to fall by
19% and said it would impair about 100 million pounds worth of assets as it
reviews its contracts to deal with the blow from the COVID-19 pandemic.
* HAMMERSON: London-based mall operator Hammerson HMSO.L named Rita-Rose
Gagné as its new chief executive officer and executive director, replacing David
Atkins. * WILLIAM HILL: William Hill WMH.L said it had agreed to be acquired by
Caesars Entertainment CZR.O , which has valued the British bookmaker at 2.9
billion pounds ($3.72 billion). * BOOHOO: Boohoo BOOH.L , seeking to rebuild investor confidence after
failings were found in its UK supply chain, on Wednesday reported a 51% increase
in first half profit and raised its full year guidance. * BP: The start of operations of Train 3 at BP 's BP.L Tangguh LNG plant in
Indonesia is set to be pushed back again due to labour restrictions implemented
as a precaution during the COVID-19 pandemic, the company and a regulator said.
* TOPPS TILES: Tile retailer Topps Tiles Plc TPT.L said it expects a 12%
drop in full-year revenue, owing to a slower recovery in commercial demand
caused by coronavirus-led disruptions. * GDP: Britain's economy shrank by a record 19.8% in the second quarter of
2020 when COVID-19 lockdown measures were in force, official figures showed.
* HOUSEPRICES: British house prices rose 5% annually in September, mortgage
lender Nationwide said. * GLAXOSMITHKLINE: The chief executive of GlaxoSmithKline GSK.L said she
was optimistic the industry will be able to make an immunisation against
COVID-19 widely available next year. * INFORMA: The world's largest exhibitions group Informa INF.L said on
Tuesday it would issue euro bonds worth 640 million pounds as part of its
COVID-19 action plan. * GOLD: Gold dipped as the dollar ticked up after Republican President
Donald Trump and Democratic rival Joe Biden sparred in the first U.S.
presidential debate ahead of the Nov. 3 election. * The UK blue-chip index .FTSE dropped 0.5% on Tuesday, on worries about a
stalling economic recovery and surging COVID-19 cases, with pub owners sliding
on the prospect of further curbs as another round of Brexit negotiations began.
* 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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