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UPDATE 1-UK Stocks-Factors to watch on Feb. 3

Published 03/02/2020, 08:44
Updated 03/02/2020, 08:45
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Feb. 3
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(Adds news items and futures)

Feb 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points

higher on Monday, according to financial bookmakers, with futures up 0.4% ahead

of the cash market open.

* IMPERIAL BRANDS: Tobacco company Imperial Brands IMB.L appointed Stefan

Bomhard as chief executive officer to replace Alison Cooper, whose departure was

announced last October. * RYANAIR: Ryanair RYA.I may have to push back its long-term target of

flying 200 million passengers per year by as much as two years due to delays in

the delivery of Boeing's BA.N 737 MAX jet, Europe's largest low-cost carrier

said. * BURFORD CAPITAL: Burford Capital BURF.L , the litigation funder embroiled

in a stand-off with short-seller Muddy Waters, said profit for 2019 would be

lower due to a drop in net realised and unrealised gains.

* BRITAIN'S FINANCIAL CONDUCT AUTHORITY: Credit card firms must review how

they treat customers that have been in persistent debt to help them save up to

1.3 billion pounds a year in lower interest charges, Britain's Financial Conduct

Authority said.

* 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, 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. TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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