Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

UPDATE 1-UK Stocks-Factors to watch on Jan. 10

Published 10/01/2020, 08:48
Updated 10/01/2020, 08:54
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Jan. 10
UK100
-
SHEL
-
MNDI
-
0RYA
-
UK100
-
JD
-
SDRY
-
BMEB
-
JOUL
-

(Adds news items, futures)

Jan 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 28

points higher at 7,626 on Friday, according to financial bookmakers, with

futures FFIc1 up 0.4% ahead of the cash market open.

* JOULES: Fashion retailer Joules Group Plc JOUL.L warned that its 2020

profit would be significantly below market expectations as online retail sales

suffered due to a shortage of merchandise during the crucial Christmas period.

* MONDI: Paper packaging company Mondi Plc MNDI.L said that Chief

Executive Officer Peter Oswald would step down after nearly three years in the

role. * JD SPORTS: Britain's biggest sportswear retailer JD Sports JD.L said it

expects annual headline pretax profit towards the upper end of the current

market view, as its gym clothing and premium-branded fashion helped counter the

gloomy UK retail sector once again.

* LIDL UK: Lidl GB said its total sales rose 11% in the four weeks to Dec.

29 as the British arm of the German discount supermarket group outshone bigger

rivals in what was otherwise a subdued Christmas period.

* B&M: B&M European Value Retail BMEB.L said sales growth slowed in the

key Christmas quarter, reflecting a "challenging broader retail market" and a

decision not to engage in early discounting activity. * SUPERDRY: British fashion brand Superdry SDRY.L warned on its full-year

profit on Friday after sales during the peak Christmas period fell short of its

expectations due to weaker trading on older product.

* RYANAIR: Ryanair RYA.I , one of the world's largest airlines, raised its

guidance for full-year profit after tax to 950-1,050 million euros on

stronger-than-expected performance during the Christmas and New Year travel

period.

* SHELL: Royal Dutch Shell Plc RDSa.L is looking to sell its oil refinery

in Anacortes, Washington, according to three people familiar with the matter.

* INEOS: A subsidiary of British chemical giant INEOS Group INEOSG.UL will

build a plant with an annual capacity of 600,000 tonnes of acrylonitrile

butadiene styrene (ABS), a lightweight plastic used in automobiles and

electrical appliances, in China. * ECONOMY: Optimism at major British companies has improved by the largest

margin in at least 11 years after Prime Minister Boris Johnson won a sweeping

election victory last month, according to a survey from accountants Deloitte.

* JOBS: British employers last month increased their number of new permanent

staff for the first time in a year, reflecting a modest rise in optimism after

December's election, a survey of recruiters showed. * GOLD: Gold prices fell and were set for their worst week in five as easing

tensions in the Middle East prompted investors to move back to riskier bets.

* OIL: Oil prices dropped extending days of losses as the threat of war in

the Middle East receded and investors switched attention to economic growth

prospects and the rise in U.S. crude oil and product inventories. * London's main share index advanced on Thursday as chances of a full-blown

crisis in the Middle East waned, but mid-caps lagged as SIG and Marks and

Spencer fell after warning of lower annual results. 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.