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UPDATE 1-UK Stocks- Factors to watch on Jan. 29

Published 29/01/2020, 08:39
© Reuters.  UPDATE 1-UK Stocks- Factors to watch on Jan. 29
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(Adds company news items and futures)

Jan 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 23

points on Wednesday, according to financial bookmakers, with futures up 0.16%

ahead of cash markets open.

* FRESNILLO: Precious metals miner Fresnillo FRES.L said its annual gold

production fell 5.1%, hurt by planned closure of Noche Buena mine and lower

grade output from San Julián project in Mexico. * TED BAKER: Troubled fashion retailer Ted Baker TED.L said non-executive

director Jennifer Roebuck will be taking up the newly-created role of chief

customer officer and that the search for a permanent chief executive officer and

chairman was progressing well. * PENDRAGON: Car dealership and repair group Pendragon Plc PDG.L said it

expects annual profit around the bottom end of its expectations, as demand

weakened in the run up to the December elections, hurting its UK franchised

motor division. * WIZZ AIR: European low-cost airline Wizz Air WIZZ.L upgraded its annual

profit forecast, after a strong third quarter performance when it carried more

passengers. * BRITISH AIRWAYS: British Airways ICAG.L has suspended all direct flights

to and from mainland China after Britain warned against all but essential travel

to the country due to the coronavirus outbreak. * UK HOUSE PRICES: British house prices rose in January at their fastest

annual rate since November 2018, adding to signs of a modest pick up in the

housing market and broader economic confidence since December's election,

industry figures showed. * OIL: Oil prices rose for a second day, standing on firmer ground after a

five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts

demand, while data showing a decline in U.S. stockpiles also helped steady

prices. * GOLD: Gold prices were little changed after sliding 1% in the previous

session, as investors took stock of the economic impact of the new coronavirus

and awaited the U.S. Federal Reserve's interest rate decision. * The UK blue-chip index .FTSE closed up 0.9% on Tuesday after shedding

more than 2% in the previous session on fears over China's coronavirus outbreak,

with shares of blue-chip exporters firming as the pound slid to a one-week low.

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

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TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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