Less Ads, More Data, More Tools Register for FREE

London pre-open: Stocks seen higher on positive Asian cues

Mon, 1st Jun 2020 07:35

(Sharecast News) - London stocks were set for a firmer open on Monday, taking their cue from a positive session in Asia.
The FTSE 100 was called to open 58 points higher at 6,134.

CMC Markets analyst David Madden said: "Equity markets in Asia are firmly higher as well received economic reports from China combined with the fact that Mr Trump didn't kick off a trade fight with Beijing on Friday boosted sentiment. European indices are tipped to open higher.

"A number of European countries are celebrating Whit Monday today so volatility is likely to be low."

On the data front, Markit's manufacturing PMI is at 0930 BST.

In corporate news, Sirius Real Estate said it was paying a final dividend as May rent collections were in line with April's 98.8% of normal working practice.

The Germany-focused business parks owner said it would pay a final dividend per share of 1.80 cents for a total 3.57 cents as full year pre-tax profits fell to €110m from €144.7m.

Balfour Beatty cancelled its final dividend after the Covid-19 lockdown had a material impact on the group's financial performance across its business.

The infrastructure group said it scrapped the dividend "in line with the current environment" but that it would buy £112m of preference shares due on 1 July. The company said its order book at the end of April was £17.4bn, up more than 20% from a year earlier, boosted by HS2 contracts.

AstraZeneca said that 'Brilinta', or ticagrelor, has been approved in the United States to reduce the risk of a first heart attack or stroke in high-risk patients with coronary artery disease, which is the most common type of heart disease.

The FTSE 100 pharmaceuticals giant also announced alongside its partner MSD that 'Lynparza', or olaparib, has been recommended for marketing authorisation in the European Union for the first-line maintenance treatment of patients with germline BRCA-mutated metastatic pancreatic cancer.



More News

Europe close: Stocks drop sharply despite modest improvement in US jobs market

(Sharecast News) - Stocks in Europe ended the session sharply lower despite the release of data showing further modest improvement in the US jobs market over the preceding week.

Today 00:04

UK retail warns shoppers face higher prices if no EU trade deal

LONDON, July 10 (Reuters) - Britain's retail industry on Friday urged UK and European negotiators to reach a post-Brexit trade deal, warning that without tariff-free trade, consumers face higher prices from next year.The sector has already announc...

Today 00:01

UK shoppers make tentative return to high street in June, retailers say

LONDON, July 10 (Reuters) - British shoppers returned to the high street in June as the coronavirus lockdown eased, but overall numbers were much lower than normal for the time of year, an industry survey showed on Friday.The monthly report from t...

Today 00:01

US STOCKS-Dow, S&P 500 fall on fears over virus resurgence but Nasdaq ends at record high

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)* Weekly jobless claims rise less than expected* Walgreens drops after swinging to quarterly loss* Indexes: Dow down 1.4%, S&P 500 down 0.6%, Nasdaq up 0.5% (Updates cl...

9 Jul 20 21:37

Login to your account

Don't have an account? Click here to register.