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UPDATE 1-UK Stocks-Factors to watch on Feb. 27

Published 27/02/2020, 08:55
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Feb. 27
UK100
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BATS
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HSBA
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BARC
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EZJ
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AZN
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RKT
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WPP
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DGE
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HIK
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RSAl
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PSN
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SJP
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INCH
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HTG
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TPT
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UK100
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AML
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(Adds company news items and futures)

Feb 27 - Britain's FTSE 100 .FTSE index is seen opening 168 points lower

at 6,875 on Thursday, according to financial bookmakers, with futures .FFIc1

up 1.31% ahead of cash market open.

* WPP: WPP WPP.L , the world's biggest advertising company, said it would

target flat organic growth and profit margin in 2020 after weakness in major

markets dragged its fourth quarter down. * ASTON MARTIN: British luxury carmaker Aston Martin AML.L posted a 104.3

million-pound ($136 million) pretax loss in 2019, after a tough year in which

its sales fell and share price slumped as it ploughed money into its first sport

utility vehicle. * CO-OPERATIVE BANK: Britain's Co-operative Bank posted a pre-tax loss of

152.1 million pounds ($197.64 million) for 2019, after tough mortgage

competition and payouts for mis-sold loan insurance continued to weigh on the

lender. * PERSIMMON: Persimmon PSN.L said on Thursday Chief Executive Officer

David Jenkinson would step down from his role, months after Britain's

second-largest homebuilder said it would address concerns over the quality of

its homes. * RECKITT BENCKISER: British household goods maker Reckitt Benckiser RB.L

reported full-year comparable sales at the low end of company forecasts on

Thursday, as it suffered from a slowdown in demand for over-the-counter

medicines in the United States and infant formula in China, its biggest market.

* BRITISH AMERICAN TOBACCO: The world's No.2 tobacco maker, British American

Tobacco BATS.L , reported better-than-expected annual revenue on Thursday,

benefiting from higher pricing and a relatively strong performance of its

traditional tobacco business and new segments. * ST. JAMES'S PLACE: British wealth manager St. James's Place SJP.L on

Thursday posted a 5% fall in full-year operating profit in line with forecasts,

after the pace of gross inflows of client cash slowed and costs linked to a

technology upgrade increased. * HUNTING: British oilfield services provider Hunting Plc HTG.L reported a

small drop in its annual core profit on Thursday, as strong performance in its

Asia Pacific and Middle East operations offset weak North American shale

activity. * TOPPS TILES: British tile and wood flooring retailer Topps Tiles TPT.L

warned on full year profit on Wednesday, blaming weak consumer spending in the

home improvement sector. * INCHCAPE: Car dealer and distributor Inchcape Plc INCH.L on Thursday

warned of a small drop in earnings this year after reporting a 6.9% decline in

2019 profit, hit by unrest in Hong Kong and Chile as well as supply constraints

in Australia. * HIKMA PHARMACEUTICALS: Hikma Pharmaceuticals HIK.L on Thursday forecast

sales growth for 2020 after it surpassed analysts' expectations for annual

operating profit and revenue, as demand for its injectable treatments and newly

launched drugs in the United States rose. * RSA: British insurer RSA RSA.L posted an above-forecast operating profit

of 656 million pounds ($852.41 million) in 2019, helped by strong underwriting

performance and a restructuring of its international commercial business, it

said on Thursday. * EX-DIVS: Astrazeneca AZN.L , Barclays BARC.L , Diageo DGE.L , Easyjet

EZJ.L , HSBC HSBA.L will trade without entitlement to its latest dividend

pay-out on Thursday, trimming 27.8 points off the FTSE 100, according to Reuters

calculations. .L/XD

* London's mid-cap index slid to its lowest in more than three months on

Wednesday amid worries that Britain's upcoming budget may disappoint investors,

while the FTSE 100 snapped a four-day losing run after a rally on Wall Street.

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

LIVE/

TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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