March 2, 2020 / 7:54 AM / 3 months ago

UPDATE 1-UK Stocks-Factors to watch on March 2

(Adds futures and company news items)

March 2 - Britain’s FTSE 100 index is seen opening 116 points higher at 6,697 on Monday, according to financial bookmakers, with futures up 2.15% ahead of cash markets open.

* HISCOX: Insurer Hiscox said it has received some claims in connection with the coronavirus outbreak, after reporting a plunge in 2019 profits.

* SENIOR: British Boeing supplier Senior reported a fall in both 2019 adjusted and pretax profits and said it expected 2020 margins to fall as the halt in production of 737 MAX jets weighed on its business.

* JUST EAT TAKEAWAY: Online food delivery company Just Eat Takeaway said it had started arbitration proceedings against a move by rival Delivery Hero to increase its stake in the company because it said it broke a standstill undertaking.

* NMC HEALTH: UAE-based hospital operator NMC Health said it would ask its lenders for an “informal” standstill on debt, as it confirmed the appointment of Moelis as a financial adviser to assist on talks with its banks.

* OIL: Oil prices pared losses after earlier hitting multi-year lows as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak.

* GOLD: Gold rose more than 1%, recouping losses from a steep slide in the previous session, amid the fast-spreading coronavirus and hopes for a rate cut by the U.S. Fed.

* London’s FTSE 100 dropped to its lowest level since June 2016 on Friday as investor fears that the coronavirus outbreak could spark a global recession intensified.

* For more on the factors affecting European stocks, please click on:

TODAY’S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Indranil Sarkar and Samantha Machado in Bengaluru; Editing by Vinay Dwivedi)

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