Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

UPDATE 1-UK Stocks-Factors to watch on Feb. 3

Published 03/02/2020, 08:44
Updated 03/02/2020, 08:45
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Feb. 3

(Adds news items and futures)

Feb 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points

higher on Monday, according to financial bookmakers, with futures up 0.4% ahead

of the cash market open.

* IMPERIAL BRANDS: Tobacco company Imperial Brands IMB.L appointed Stefan

Bomhard as chief executive officer to replace Alison Cooper, whose departure was

announced last October. * RYANAIR: Ryanair RYA.I may have to push back its long-term target of

flying 200 million passengers per year by as much as two years due to delays in

the delivery of Boeing's BA.N 737 MAX jet, Europe's largest low-cost carrier

said. * BURFORD CAPITAL: Burford Capital BURF.L , the litigation funder embroiled

in a stand-off with short-seller Muddy Waters, said profit for 2019 would be

lower due to a drop in net realised and unrealised gains.

* BRITAIN'S FINANCIAL CONDUCT AUTHORITY: Credit card firms must review how

they treat customers that have been in persistent debt to help them save up to

1.3 billion pounds a year in lower interest charges, Britain's Financial Conduct

Authority said.

* GSK: British drugmaker GlaxoSmithKline Plc GSK.L is collaborating with

the Coalition for Epidemic Preparedness Innovations (CEPI) to contribute towards

the effort of developing a vaccine for the coronavirus outbreak, GSK and CEPI

said. * ECONOMY: British businesses predict the strongest rebound in output in

more than a year over the next three months, after a weak end to 2019, adding to

expectations of a post-election pick-up in the economy, a survey showed on

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Sunday. * TRADE DEAL: British Prime Minister Boris Johnson would consider a looser

trade agreement with the European Union, similar to the bloc's ties with

Australia, rather than follow EU rules to reach a closer deal, a government

source said on Saturday. * JUST EAT: Dutch online food ordering company Takeaway.com TKWY.AS on

Friday declared its $7.8 billion takeover of British peer Just Eat JE.L

unconditional, though the two companies still need a competition authority's

approval before merging operations. * OIL: Oil prices extended their losses, dragged down by worries about lower

demand in China, the world's largest oil importer, following a coronavirus

outbreak there. * GOLD: Gold prices dipped after hitting a near four-week high on Monday, as

China's central bank cut reverse repo rates and injected liquidity into markets

to help support the economy hit by a rapidly spreading coronavirus outbreak.

* London's FTSE 100 tumbled to a seven-week low on Friday as the first cases

of coronavirus in Britain fanned concerns over the economic impact to the

country. TODAY'S 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.