UPDATE 1-UK Stocks-Factors to watch on June 30

UPDATE 1-UK Stocks-Factors to watch on June 30

Reuters  | Jun 30, 2020 15:00

UPDATE 1-UK Stocks-Factors to watch on June 30

(Adds futures, news items)
June 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower
on Tuesday, with futures FFIc1 down 0.23% ahead of cash markets open.

* SHELL: Royal Dutch Shell RDSa.L said it will write down the value of its
assets by up to $22 billion after lowering its long-term outlook on oil and gas
prices. * STANDARD LIFE ABERDEEN: British asset manager Standard Life Aberdeen
SLA.L said that Keith Skeoch would step down as chief executive and be
replaced by former Citi executive Stephen Bird. * ON THE BEACH: Holiday package provider On The Beach Group OTB.L posted a
first-half loss hit by cancellations due to the coronavirus crisis. * CINEWORLD: Cineworld Group CINE.L said it would reopen its cinemas in
the United States and Britain from Friday 31st July. * REDROW: British homebuilder Redrow RDW.L said it expects its turnover to
drop more than a third this year. * INTERCONTINENTAL HOTELS: InterContinental Hotels Group Plc IHG.L posted
a 76% slump in average room revenue in May due to coronavirus
lockdowns. * GDP: Britain's economy shrank by the most since 1979 in early 2020,
according to figures on Tuesday that included the first few days of the
coronavirus lockdown. * ECONOMY: Britain's current account deficit widened by more than expected
in the first three months of 2020, official data showed. * OIL: Oil prices slipped as traders took profits after sharp gains in the
previous session and Libya's state oil company flagged progress on talks to
resume exports. * The UK blue-chip index .FTSE closed 1.3% higher on Monday, boosted by a
weakening pound and a global rally in equities powered by hopes of more
stimulus. * For more on the factors affecting European stocks, please click on:
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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