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UPDATE 1-UK Stocks-Factors to watch on Feb 22

Published 22/02/2021, 08:56
© Reuters

(Adds company news items, futures)
Feb 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 34
points lower at 6,590 on Monday, according to financial bookmakers, with futures
down 0.88% ahead of cash market open.

* MITCHELLS & BUTLERS: Mitchells & Butlers MAB.L reported a plunge in
sales as all its sites have been forced shut under Britain's latest
lockdown. * G4S: GardaWorld said it would not raise its offer for Britain's G4S Plc
GFS.L further. * ASTRAZENECA: AstraZeneca (NASDAQ:AZN) AZN.L said it was voluntarily withdrawing an
indication of its cancer drug Imfinzi for treatment of advanced bladder cancer
in the United States after it failed to meet post-approval
requirements. * IAG: IAG ICAG.L said it raised total liquidity by 2.45 billion pounds,
reaching final agreement for a 2 billion pound loan, and through a deal to defer
450 million pounds of pension deficit contributions. * CAIRN ENERGY: Cairn Energy Plc CNE.L said on Sunday it had discussed
multiple proposals with Indian government officials in recent days in an attempt
to find a "swift solution" to a long drawn-out tax dispute with the South Asian
nation. * GOLD: Gold prices inched higher with support from a weaker dollar eclipsed
pressure from firmer Treasury yields. * OIL: Oil prices rose as the slow return of U.S. crude output cut by frigid
conditions raised concerns about supply, just as demand recovers from the depths
of the COVID-19 pandemic. * The UK blue-chip index .FTSE closed 0.1% higher on Friday after the
economy showed signs of improvement this month and was set to gain for the third
consecutive week as investors bet that vaccine rollouts would spur economic
growth. * For more on the factors affecting European stocks, please click on:
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