(Adds company news items and futures) Britain’s FTSE 100 index is seen opening 45 points lower at 6,060 on Monday, according to financial bookmakers, with futures down 2.59% ahead of cash markets open.
* METRO BANK: British challenger bank Metro Bank is in exclusive talks to buy Retail Money, owner of peer-to-peer lender Ratesetter, though discussions are at an early stage, it said in response to media speculation.
* STHREE: British recruiting firm SThree reported a 7% fall in half-year net fees, as the novel coronavirus outbreak forced businesses around the world to put a freeze on hiring activity.
* BP: BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away from fossil fuels.
* BUNZL: British business supplies distributor Bunzl forecast a 6% rise in revenue for the first half of the year.
* HAMMERSON: London-based mall operator Hammerson said it appointed rival Land Securities’ former chief executive officer, Robert Noel, as its non-executive chair, replacing David Tyler.
* OIL: Oil fell more than 2%, extending losses from last week, as new coronavirus infections hit China and the United States.
* GOLD: Gold prices were little changed after posting their best week since early April as fears of a second wave of coronavirus infections in Beijing cut investors’ appetite for riskier assets.
* The UK blue-chip index closed up 0.5% on Friday, as battered cyclical shares rose, but overall gains were slim as sentiment was subdued after the country reported a record economic contraction in April.
* For more on the factors affecting European stocks, please click on:
> Financial Times
> Other business headlines (Reporting by Tapanjana Rudra; Editing by Krishna Chandra Eluri and Rashmi Aich)