June 26, 2020 / 5:22 AM / 20 days ago

UK Stocks-Factors to watch on June 26

Britain's FTSE 100 index is seen opening 81 points higher at 6,228 on
Friday, according to financial bookmakers.

    * SHELL: Royal Dutch Shell Plc restarted the gas oil hydrotreater
at its joint-venture 318,000 barrel-per-day (bpd) Deer Park, Texas, refinery on
Thursday.
    * BRITISH AIRWAYS:  British Airways, owned by IAG, has made a
proposal to its cabin crew that would mean those taking on a corresponding role
under its restructuring proposals would be paid at least 80% of their current
basic rate.
    * OIL COMPANIES: The attorney general for the District of Columbia on
Thursday filed a lawsuit against Exxon Mobil Corp, BP Plc,
Chevron Corp, and Royal Dutch Shell Plc for "systematically and
intentionally misleading" consumers.
    * TARIFFS: Britain will reject any European Union proposal which gives the
bloc the right to respond with tariffs to changes in British law following
Brexit, chief negotiator David Frost said on Thursday.
    * INSURANCE: Britain's financial services compensation body is "keeping an
eye" on insurers facing claims from companies whose business has been
interrupted by the COVID-19 pandemic.
    * OIL: Oil prices rose, extending gains from the previous day on optimism
about recovering fuel demand worldwide.
    * GOLD: Gold prices were headed for their third consecutive weekly gain on
worries about rising global cases of the novel coronavirus.
    * METAL: Copper prices extended gains and they were set to post their sixth
consecutive weekly rise, on concerns about disruptions in supply from key
producing countries.
    * The UK blue-chip index closed up 0.4% on Thursday, as banks and
energy stocks climbed.
    
    * UK CORPORATE DIARY:       
 Marston's                  HY Earnings Releases
 Tesco                      Q1 Sales/Trading Statement
 
    * For more on the factors affecting European stocks, please click on:
    
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            

 (Reporting by Tapanjana Rudra)
  
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