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UPDATE 1-UK Stocks-Factors to watch on Feb. 28

Published 28/02/2020, 09:04
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Feb. 28
UK100
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EZJ
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(Adds futures, news items)

Feb 28 (Reuters) - Britain's FTSE 100 .FTSE index is down

3.3% on Friday.

* LSE: The London Stock Exchange Group LSE.L said it would

complete its $27 billion takeover of analytics company Refinitiv

on time this year as it reported higher-than-expected annual

income, driven a jump in clearing activity. * ROLLS-ROYCE: Aerospace engineer Rolls-Royce RR.L

reported a 2019 operating loss of 852 million pounds ($1.11

billion), after the cost of tackling durability problems with

its Trent 1000 engine eclipsed record engine deliveries and a

good after-market performance. * IAG: British Airways-owner IAG ICAG.L said coronavirus

would hit earnings this year but it does not know by how much,

as it warned weakening demand would cause further flight

cancellations in the coming days. * NOVACYT: Biotechnology company Novacyt ALNOV.PA ,

NCYT.L announced deals for its "Primerdesign" product, which

is aimed at testing for the coronavirus currently afflicting

China and other parts of the world. * PLUS500: Online trading platform Plus500 PLUSP.L

reported a significant increase in customer trading activity in

the current quarter, as financial markets were rattled by

growing fears about the global economic impact of the

coronavirus outbreak. * CORONAVIRUS: Bank of England Governor Mark Carney said

Britain should prepare for an economic hit as fallout from the

novel coronavirus outbreak deepens. * EASYJET: British budget airline easyJet EZJ.L warned it

had seen a "significant" softening of demand into and out of its

northern Italian bases and a reduction across its other European

markets due to coronavirus. * FOXTONS: Real estate agent Foxtons FOXT.L reported a 30%

plunge in adjusted core profit for 2019 as Britons bought and

sold fewer homes and its letting business was hurt by the ban on

tenant fees. * IAG: British Airways, owned by IAG ICAG.L , said it would

cancel some flights to and from Italy, Singapore and South

Korea, as a result of reduced demand for travel to the areas due

to coronavirus outbreaks. * NMC Health: Britain's Financial Conduct Authority will

investigate NMC Health NMC.L , the UAE healthcare company said

on Thursday, after trading in its shares on the London stock

exchange was suspended.

* OIL: Oil prices fell for a sixth straight session and were

on track for about a 12% weekly fall, the biggest in more than

four years, as the spread of the coronavirus outside China

raised fears of slowing global demand. O/R

* London stocks plummeted on Thursday, with both benchmark

indexes briefly confirming a correction, as a sharp rise in the

number of coronavirus cases outside China raised fears of a

global pandemic and crippled risk appetite. 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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