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UPDATE 1-UK Stocks-Factors to watch on Feb. 14

Published 14/02/2020, 08:49
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Feb. 14
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(Adds company news items and futures.)

Feb 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 10

points higher on Friday, according to financial bookmakers, with futures FFIc1

up 0.2% ahead of the cash market open.

* RBS: Royal Bank of Scotland RBS.L reported a better-than-expected

pre-tax profit of 4.2 billion pounds ($5.48 billion), as Chief Executive Officer

Alison Rose set out a new strategy including a planned renaming of the

taxpayer-backed group to its biggest brand NatWest. * SHELL: Shell said it had identified an employee at its main Singapore

office who had been in contact with a coronavirus case and had advised other

staff close to him to work from home. * ASTRAZENECA: AstraZeneca AZN.L expects 2020 revenue growth in the high

single-digit to low double-digit percentages, including a hit it now expects

from the coronavirus outbreak in China, its second biggest market, the British

drugmaker said. * EI GROUP/STONEGATE: The UK's competition watchdog said it will not be

referring the takeover of Ei Group EIGE.L by Slug and Lettuce owner Stonegate

to an in-depth investigation. * OIL: Oil prices were steady, but set for their first weekly gain in six

weeks on the assumption that major producers will implement deeper output cuts

to offset slowing demand in China caused by the coronavirus epidemic.

* GOLD: Gold eased from an over one-week peak as risk sentiment improved on

hopes of global measures to soften the impact of the coronavirus outbreak, but a

surge in new cases capped bullion's losses and kept it on track for a weekly

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gain. * London's blue-chip index fell on Thursday after two successive days of

gains, dragged down by exporters which were hurt by a stronger pound as

investors positioned for a higher-spending budget next month under a new British

finance minister. TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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