Reuters | Jan 20, 2021 16:00
(Adds futures, news items)
Jan 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 23
points higher at 6,736 on Wednesday, according to financial bookmakers, with
futures .FFIc1 up 0.3% ahead of cash market open.
* BURBERRY: Burberry BRBY.L said underlying sales fell 9% in the three
months ended December as the COVID-19 pandemic closed shops and meant fewer
tourists visiting its European stores. * PEARSON: Pearson PSON.L said group sales fell by 10% in 2020, marking an
improvement in the final quarter, as growth in online learning demand offset
cancelled exams. * JD WETHERSPOON: Wetherspoon JDW.L said it raised 93.7 million pounds in
its second cash call from investors since the start of the COVID-19
pandemic. * DIXONS CARPHONE: Dixons Carphone DC.L reported a rise in sales of
electricals over Christmas as a strong online performance more than offset the
closure of stores during COVID-19 lockdowns. * CAIRN ENERGY: Cairn Energy CNE.L said it plans to spend around $85 mln
this year with the bulk going to the exploration and appraisal of wells in
Britain and Mexico. * WH SMITH: WH Smith Plc SMWH.L said it expects a monthly cash burn of
about 15 million pounds to 20 million pounds during the current coronavirus-led
lockdown in Britain. * IWG: IWG IWG.L said it expects further delay to business recovery in
2021 and set aside an additional 160 million pounds provisions related to the
pandemic as the latest COVID-19 restrictions impact its markets. * CMC MARKETS: Online trading platform CMC Markets CMCX.L warned on
Wednesday client activity in the third quarter eased compared with earlier in
the financial year, when market volatility was the highest since the 2008
financial crisis due to the COVID-19 pandemic. * INFLATION: British inflation gathered speed in December as a temporary
easing of COVID-19 travel restrictions helped to push up air and sea fares and a
rise in global oil prices made fuel more expensive, official data
showed. * GOLD: Gold prices rose as the dollar weakened after U.S. Treasury
Secretary nominee Janet Yellen underscored the need for a huge stimulus to help
the economy recover from the coronavirus jolt. * OIL: Oil prices rose on expectations the incoming U.S. administration will
go ahead with massive stimulus spending that would boost fuel demand and draw
down crude stocks. * The UK blue-chip index .FTSE closed 0.1% lower on Tuesday as Ladbrokes
owner Entain slumped after U.S. casino operator MGM opted out of a $11 billion
takeover plan, while miners also dragged. For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.
More content, faster quotes and charts, and a smoother experience is available only on the App.