PSN

UK Stocks-Factors to watch on April 3

Credit: REUTERS/TOBY MELVILLE

April 3 - Britain's FTSE 100 .FTSE index is seen opening 58 points lower at 5,422 on Friday, according to financial bookmakers.

* BRITISH AIRWAYS: British Airways ICAG.L said on Thursday it has struck a deal with its unions to suspend more than 30,000 cabin crew and ground staff in one of the airline industry's most dramatic moves yet to survive the coronavirus pandemic.

* PERSIMMON: British housebuilder Persimmon PSN.L said on Thursday its executive and non-executive directors have opted to take a temporary 20% reduction in base salary, effective April 1, until the group resumes work at its sites.

* OIL: Oil prices fell, coming off their biggest one-day gains in the previous session, after U.S. President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce U.S. production. O/R

* Oil prices roared back on Thursday, pulling Britain's commodity-heavy FTSE 100 out of early losses sparked by a record surge in U.S. weekly jobless claims, closing up 0.5%.

* UK CORPORATE DIARY:

ADVISORY: The Financial Conduct Authority had said on March 21 that Britain's listed companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus outbreak is affecting their business.

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Trading Update Release

* 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

(Reporting by Indranil Sarkar in Bengaluru; Editing by Krishna Chandra Eluri)

((Indranil.Sarkar@thomsonreuters.com; Mobile: +91 7022132226;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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