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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

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

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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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