UK Stocks-Factors to watch on Jan. 7

Published 07/01/2020, 06:32
Updated 07/01/2020, 06:37
© Reuters.  UK Stocks-Factors to watch on Jan. 7

Jan 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 33 points

higher at 7,608 on Tuesday, according to financial bookmakers.

* BENTLEY: British luxury carmaker Bentley returned to profitability in

2019, helped by a 5% sales increase after a strong performance in Europe and the

Americas, the Volkswagen-owned VOWG_p.DE brand said. * Rolls-Royce: Luxury carmaker Rolls-Royce said on Tuesday it recorded a 25%

jump in sales in 2019, underpinned by solid demand for its first-ever SUV,

Cullinan, just a year after the launch. * FINANCIAL SECTOR: Britain's financial industry paid a record near-$100

billion in taxes in the year to March, reaffirming its central role in funding

the state at a time when its future prospects have been clouded by Brexit.

* BUDGET: British finance minister Sajid Javid will deliver the government's

first post-Brexit budget on March 11, promising more investment to help voters

who gave Prime Minister Boris Johnson a sweeping election win last month.

* OIL: Oil prices fell more than 1% as investors reconsidered the likelihood

of Middle East supply disruptions in the wake of the United States killing a top

Iranian military commander. * GOLD: Gold prices slipped further from the previous session's near

seven-year high, as Middle East tensions cooled and investors booked profit,

while palladium touched a new high. * Britain's FTSE 100 .FTSE closed 0.6% lower on Monday with financial

stocks leading the losses on concerns over tensions in the Middle East, although

oil-fuelled gains for Shell RDSa.L and BP BP.L provided some support.

UK CORPORATE DIARY:

WM Morrison Supermarkets MRW.L Trading Update

TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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