June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

UPDATE 1-UK Stocks-Factors to watch on Feb. 21

Published 21/02/2020, 08:36
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Feb. 21
UK100
-
HSBA
-
IMB
-
RIO
-
PSON
-
HMSO
-
CRDI
-
RIO
-
UK100
-

(Adds futures, news items)

Feb 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on

Friday with futures FFIc1 down 0.5 % ahead of the cash market open.

* PEARSON: British education group Pearson PSON.L reported 6% growth in

operating profit to 581 million pounds ($748.7 million) for 2019, slightly below

guidance lowered last month, as falling textbook sales in North America offset

growth in the rest of the business. * HAMMERSON: Shopping centre operator Hammerson HMSO.L said it will exit

retail parks business by selling seven of them to private equity Orion for 400

million pounds ($515.52 million) as it faces a challenging retail environment in

the UK. * HSBC: Unicredit Spa CRDI.MI Chief Executive Officer Jean-Pierre Mustier

has emerged as one of the main external candidates for the top job at HSBC

Holdings Plc HSBA.L , Bloomberg reported on Thursday, citing sources familiar

with the matter. * RIO: Global Miner Rio Tinto RIO.AX , RIO.L said its Mongolian copper

unit had begun an international arbitration process, seeking to resolve a

dispute with the local tax authority. * GOLD: Gold prices held steady at a near seven-year high as nervous

investors opted for safe haven assets amid fears about the economic damage from

China's coronavirus epidemic that eclipsed Beijing's stimulus efforts.

* COPPER: London copper is on track for its first weekly decline in three,

as the coronavirus outbreak in top consumer China dented demand for the red

metal, and fanned fears over its spread and impact on the global economy.

* OIL: Oil prices fell around 1%, pressured by growing worries about fuel

demand as a coronavirus epidemic spread further beyond China, and as major crude

producers appeared to be in no rush to cut output to buttress the market.

* The blue-chip index .FTSE slipped 0.3% on Thursday as Imperial Brands

IMB.L tumbled on ex-dividend trading, while most other sectors also traded in

the red with a surge in coronavirus infections in South Korea stoking fears

about a deepening health crisis. 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.