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UK Stocks-Factors to watch on Feb 3

Published 03/02/2020, 06:43
Updated 03/02/2020, 06:45
© Reuters.  UK Stocks-Factors to watch on Feb 3
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Feb 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points

higher on Monday, according to financial bookmakers.

* GSK: British drugmaker GlaxoSmithKline Plc GSK.L is collaborating with

the Coalition for Epidemic Preparedness Innovations (CEPI) to contribute towards

the effort of developing a vaccine for the coronavirus outbreak, GSK and CEPI

said. * ECONOMY: British businesses predict the strongest rebound in output in

more than a year over the next three months, after a weak end to 2019, adding to

expectations of a post-election pick-up in the economy, a survey showed on

Sunday. * TRADE DEAL: British Prime Minister Boris Johnson would consider a looser

trade agreement with the European Union, similar to the bloc's ties with

Australia, rather than follow EU rules to reach a closer deal, a government

source said on Saturday. * JUST EAT: Dutch online food ordering company Takeaway.com TKWY.AS on

Friday declared its $7.8 billion takeover of British peer Just Eat JE.L

unconditional, though the two companies still need a competition authority's

approval before merging operations. * OIL: Oil prices extended their losses on Monday, dragged down by worries

about lower demand in China, the world's largest oil importer, following a

coronavirus outbreak there. * GOLD: Gold prices dipped after hitting a near four-week high on Monday, as

China's central bank cut reverse repo rates and injected liquidity into markets

to help support the economy hit by a rapidly spreading coronavirus outbreak.

* London's FTSE 100 tumbled to a seven-week low on Friday as the first cases

of coronavirus in Britain fanned concerns over the economic impact to the

country, which is set to leave the European Union later in the day. UK CORPORATE DIARY:

Ocado OCDO.L FY Results

Ryanair RYA.I Q3 Results

TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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