Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

UPDATE 1-UK Stocks-Factors to watch on Feb. 12

Published 12/02/2020, 08:41
Updated 12/02/2020, 08:45
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Feb. 12

(Adds futures, news items)

Feb 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 13

points higher on Wednesday, according to financial bookmakers, with futures

FFIc1 up 0.2% ahead of the cash market open.

* DUNELM: British home furnishings retailer Dunelm DNLM.L forecast

full-year pretax profit slightly above market expectations, saying its third

quarter had started well, with successful winter sales across all areas of the

business. * BABCOCK: Babcock International BAB.L nudged down its guidance for annual

underlying operating profit and wrote down the value of its oil and gas

transportation business in the latest blow to the British engineer. * DRI HEALTHCARE: DRI Healthcare, an investment company investing in

healthcare royalty assets, said it is aiming to sell up to $350 million of

shares in a planned initial public offering in London. * PLUS500: Online trading platform Plus500 Ltd PLUSP.L reported a plunge

in 2019 profits, but said trading volumes rose with market volatility in the

second half. * RUSAGRO: Russian farming conglomerate Rusagro AGRORq.L said the cost of

exporting Russian sugar remained high due to lack of investments in port

logistics. * OFCOM: Britain's regulator Ofcom will make social media companies such as

Facebook FB.O and Twitter TWTR.N , responsible for harmful content on their

platforms, the BBC said.

* ROLLS-ROYCE: Rolls-Royce RR.L is "open-minded" on whether it will join

Boeing BA.N in a fresh attempt at addressing the mid-size jet market after

pulling out of an earlier effort over timing, a top company official said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

* INSURANCE SECTOR: Complaints about loan insurance ballooned in the final

quarter of 2019, spurred on by British regulators setting an end of August

deadline for compensation claims, the Financial Ombudsman Service said.

* OFGEM: British energy companies will from May 1 be forced to pay automatic

compensation to customers facing problems when switching supplier, regulator

Ofgem said. * BOE: Bank of England Governor Mark Carney gave his backing for government

borrowing to fund infrastructure investment on Tuesday, shortly after Prime

Minister Boris Johnson approved a major new rail link between London and

northern England. * GOLD: Gold prices edged lower as new coronavirus cases fell and risk

appetite improved, although uncertainty over the economic impact of the outbreak

still underpinned bullion. * OIL: Oil prices climbed as China reported its lowest daily number of new

coronavirus cases since late January, stoking investor hopes that fuel demand in

the world's second-largest oil consumer may begin to recover from the epidemic.

* UK shares rebounded on Tuesday from two sessions of losses after China's

senior medical adviser suggested the coronavirus epidemic may be over by April

and U.S. Federal Reserve chief Jerome Powell touted resilience in the American

economy. TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.