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UPDATE 1-UK Stocks-Factors to watch on March 10

Published 03/10/2020, 03:56 PM
UPDATE 1-UK Stocks-Factors to watch on March 10

(Adds futures, news items)
March 10 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening 138
points higher on Tuesday, according to financial bookmakers, with futures
FFIc1 up 1.2% ahead of the cash market open.

* M&G: British insurer and asset manager M&G MNG.L posted an in-line 2019
adjusted operating profit of 1.15 billion pounds ($1.5 billion) and said it
would pay a special demerger dividend. * STANDARD LIFE ABERDEEN: British asset manager Standard Life Aberdeen
SLA.L posted a 10% fall in full-year adjusted pretax profit, hit by the impact
of lower revenues as investors continued to pull money from its funds.
* JOHN MENZIES: Aviation services group John Menzies MNZS.L said it would
temporarily suspend its dividend, days after it warned that the coronavirus
outbreak would hurt its 2020 profit. * TP ICAP: TP ICAP TCAPI.L said the volatility in financial markets from
ongoing uncertainties were creating market opportunities for the world's largest
inter-dealer broker. * LSL PROPERTY SERVICES: British real estate agent LSL Property Services
LSL.L said it had seen slightly weaker demand in recent days due to the
coronavirus outbreak, adding that the situation may create headwinds for the
business in 2020. * SANTANDER UK: Santander UK SANS_p.L has appointed Nationwide executive
Tony Prestedge as its deputy CEO, handing him a mandate to lead transformation
of the lender as it battles to gain market share from high street
rivals. * INFORMA: Informa INF.L , the world's largest exhibitions group, said that
128 events with an estimated revenue of 425 million pounds ($554.37 million)
have been delayed or cancelled due to the coronavirus outbreak. * WALL STREET: Wall Street suffered its biggest one-day loss since the 2008
financial crisis on Monday and recession worries loomed large as tumbling oil
prices and ongoing coronavirus fears prompted investor panic on the anniversary
of the U.S. stock market's longest-ever bull run. * KKR: Private equity firm KKR & Co Inc KKR.N said late on Monday an
employee in its London office had tested positive for coronavirus, and that it
would temporarily close both its London offices to have them sanitized.
* BHP GROUP: BHP Group BHP.AX , BHPB.L is in good shape to take action
should supply chain disruption caused by the global coronavirus epidemic trigger
acquisition opportunities, the global miner's Chairman Ken MacKenzie said on
Tuesday. * NMC HEALTH: GKSD Investment Holding on Monday pulled out of preliminary
stages of considering an offer for NMC Health NMC.L , days after the UAE-based
hospital operator was relegated from London's bluechip index .FTSE .
* PLAYTECH: Gambling software maker Playtech PTEC.L said on Monday its
Snaitech betting units in Italy will remain closed until April 3, as per the
government's decree on all betting shops, arcades and bingo halls to halt the
coronavirus spread. * OIL: Oil prices bounced back 7% on Tuesday from the biggest one-day rout
in nearly 30 years, as investors eyed the possibility of economic stimulus
despite a price war between top producers Saudi Arabia and Russia. * GOLD: Gold prices fell 1% on Tuesday, retreating from the last session's
jump above the key $1,700 level, as hopes for global stimulus measures to
cushion the economic impact of the coronavirus outbreak lifted riskier assets
and the dollar. * London's FTSE 100 .FTSE plunged to an almost four-year low on Monday as
a crash in oil prices driven by a price war between Saudi Arabia and Russia
stoked global recession fears, with investors alarmed about the economic fallout
of the coronavirus outbreak. For more on the factors affecting European stocks, please click on:
LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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