(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* BoE now sees recovery to pre-pandemic levels by end-2021
* Glencore scraps dividend, books $3.2 billion charge
* Aviva surges on plan to reduce Asia, Europe focus
* FTSE 100 down 1.3%, FTSE 250 off 0.9%
(Updates to market close)
By Sagarika Jaisinghani and Susan Mathew
Aug 6 (Reuters) - London-listed shares broke a three-day
winning run on Thursday as commodities giant Glencore tumbled
after scrapping its dividend to pay down debt, while the Bank of
England forecast a slower-than-expected rebound from the
COVID-19 pandemic.
Glencore dropped 8.1% as it also booked a $3.2
billion impairment charge, driving the FTSE 100 down
1.3%.
With the pound stronger, London shares in miners BHP
, Rio Tinto fell after solid gains on Tuesday,
as did oil majors BP and Royal Dutch Shell .
The BoE said the British economy would not recover to its
pre-pandemic size until the end of next year - later than its
earlier estimate, but its projections for 2020 were less grim
than in May. There was no immediate case to cut rates below
zero, it added.
But, "there is little incentive to rule out negative rates
right now and we expect the market to stay very invested in this
debate well into 2021," said strategists at ING.
"In choosing to keep the bank rate and the asset purchasing
program target unchanged, the BoE still has the door open for
further policy action – probably at the November meeting."
Despite a stimulus-led rally since April, the FTSE 100 is
still down about 20% this year with surging COVID-19 cases
raising the spectre of further lockdowns. This compares to a 3%
rise for the S&P 500 with a U.S. fiscal aid package eyed.
British Housing Secretary Robert Jenrick said new housing
starts could be down as much as 40% this year even with the
industry showing signs of recovery.
Homebuilders Taylor Wimpey , Barratt Developments
and Persimmon lost between 3.7% and 4.3%.
At the other end, insurer Aviva's shares shot up 4.6%
as analysts cheered its decision to reduce focus on Asia and
Europe after reporting a 12% drop in first-half operating
profit.
The mid-cap FTSE 250 was down 0.9%, with industrial
and financial stocks among the biggest drags.
(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by
Subhranshu Sahu and Lisa Shumaker)
UK dividends calendar - next 7 days
Monday 6 May | |
no events scheduled | |
Tuesday 7 May | |
Begbies Traynor Group PLC | dividend payment date |
Ferguson PLC | dividend payment date |
Manchester & London Investment Trust PLC | dividend payment date |
Mobius Investment Trust PLC | dividend payment date |
Nexus Infrastructure PLC | dividend payment date |
Pebble Group PLC | dividend payment date |
Pinewood Technologies Group PLC | special dividend payment date |
Thungela Resources Ltd | dividend payment date |
Volution Group PLC | dividend payment date |
Wednesday 8 May | |
Melrose Industries PLC | dividend payment date |
Personal Group Holdings PLC | dividend payment date |
Thursday 9 May | |
Admiral Group PLC | ex-dividend payment date |
AG Barr PLC | ex-dividend payment date |
Aurora Investment Trust PLC | ex-dividend payment date |
Balanced Commercial Property Trust Ltd | ex-dividend payment date |
Bank of Ireland Group PLC | ex-dividend payment date |
Bellevue Healthcare Trust PLC | ex-dividend payment date |
Braime Group PLC | ex-dividend payment date |
Centaur Media PLC | ex-dividend payment date |
Chenavari Toro Income Fund Ltd | ex-dividend payment date |
Clarkson PLC | ex-dividend payment date |
Coca-Cola Europacific Partners PLC | ex-dividend payment date |
Custodian Property Income REIT PLC | ex-dividend payment date |
CVC Income & Growth Ltd EURO | ex-dividend payment date |
CVC Income & Growth Ltd GBP | ex-dividend payment date |
Domino's Pizza Group PLC | dividend payment date |
Epwin Group PLC | ex-dividend payment date |
F&C Investment Trust PLC | dividend payment date |
Fidelity Special Values PLC | ex-dividend payment date |
Focusrite PLC | ex-dividend payment date |
Grafton Group PLC | dividend payment date |
Gresham Technologies PLC | ex-dividend payment date |
Headlam Group PLC | ex-dividend payment date |
Henderson International Income Trust PLC | ex-dividend payment date |
HSBC Holdings PLC | ex-dividend payment date |
Ibstock PLC | ex-dividend payment date |
Invesco Perpetual UK Smaller Cos Investment Trust PLC | ex-dividend payment date |
JPMorgan Global Core Real Assets Ltd | ex-dividend payment date |
Lancashire Holdings Ltd | ex-dividend payment date |
LSL Property Services PLC | ex-dividend payment date |
M&C Saatchi PLC | ex-dividend payment date |
M&G PLC | dividend payment date |
Macfarlane Group PLC | ex-dividend payment date |
Marwyn Value Investors Ltd | ex-dividend payment date |
Midwich Group PLC | ex-dividend payment date |
Montanaro UK Smaller Cos Investments Trust PLC | dividend payment date |
Octopus Titan VCT PLC | ex-dividend payment date |
One Media iP Group PLC | ex-dividend payment date |
Petershill Partners PLC | ex-dividend payment date |
Picton Property Income Ltd | ex-dividend payment date |
PRS REIT PLC | ex-dividend payment date |
Reach PLC | ex-dividend payment date |
Sherborne Investors Guernsey C Ltd | ex-dividend payment date |
Sthree PLC | ex-dividend payment date |
Sylvania Platinum Ltd | ex-dividend payment date |
Taylor Maritime Investments Ltd | ex-dividend payment date |
Tracsis PLC | ex-dividend payment date |
Travis Perkins PLC | dividend payment date |
UIL Ltd | ex-dividend payment date |
Friday 10 May | |
AIB Group PLC | dividend payment date |
Alpha Group International PLC | dividend payment date |
Antofagasta PLC | dividend payment date |
Hammerson PLC | dividend payment date |
Hunting PLC | dividend payment date |
International Personal Finance PLC | dividend payment date |
Invesco Select Trust Global Equity Income PLC | dividend payment date |
Invesco Select Trust UK Equity PLC | dividend payment date |
Johnson Service Group PLC | dividend payment date |
Kerry Group PLC | dividend payment date |
Moneysupermarket.com Group PLC | dividend payment date |
Schroder Asian Total Return Inv Co PLC | dividend payment date |
Schroder European Real Estate Investments Trust PLC | dividend payment date |
Schroder Oriental Income Fund Ltd | dividend payment date |
Serco Group PLC | dividend payment date |
Smurfit Kappa Group PLC | dividend payment date |
Somero Enterprises Inc | special dividend payment date |
Taylor Wimpey PLC | dividend payment date |
Tufton Oceanic Assets Ltd | dividend payment date |
VPC Specialty Lending Investments PLC | dividend payment date |
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