UPDATE 1-UK Stocks-Factors to watch on June 29

UPDATE 1-UK Stocks-Factors to watch on June 29

Reuters  | Jun 29, 2020 15:00

UPDATE 1-UK Stocks-Factors to watch on June 29

(Adds futures, news items)
June 29 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 28
points lower at 6,131 on Monday, according to financial bookmakers, with futures
FFIc1 down 0.68% ahead of cash markets open.

* LOOKERS: Car dealership network Lookers LOOK.L said a draft report by
the company's auditor had identified 19 million pounds ($23.5 million) of
non-cash adjustments necessary to correct overstatements in profitability over
several years. * HUNTING: Oil industry manufacturer and services provider Hunting Plc
HTG.L said it has cut 25% of its workforce. * NSF: Subprime lender Non-Standard Finance NSF.L said U.S. asset manager
Ares has agreed to extend a waiver on a 200 million pound ($247.44 million)
securitisation facility. * INDIVIOR: British drugmaker Indivior INDV.L said it had appointed Mark
Crossley as chief executive to replace Shaun Thaxter. * MORSES CLUB: Online accounts provided by lender Morses Club MCLM.L have
been frozen following action by British regulators against the UK unit of
collapsed payments services firm Wirecard. * OIL: Oil prices slid for a second straight session as coronavirus cases
rose in the United States and other places. * The UK blue-chip index .FTSE closed up 0.2% on Friday, as investors
weighed optimism about a revival in business activity against a surge in global
coronavirus infections. * For more on the factors affecting European stocks, please click on:
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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