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UPDATE 1-UK Stocks-Factors to watch on Jan. 22

Published 22/01/2020, 08:46
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Jan. 22

(Adds news items, futures)

Jan 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 19

points higher at 7,630 on Wednesday, with futures FFIc1 up 0.3%, according to

financial bookmakers.

* BERKELEY: British housebuilder Berkeley Group BKGH.L said it plans to

return 1 billion pounds to shareholders over the next two years, an increase of

about 455 million pounds, while ramping up its annual housing delivery by as

much as 50% over the next six years. * TED BAKER: British fashion retailer Ted Baker TED.L said inventory on

its balance sheet was overstated by 58 million pounds ($75.72 million), more

than double its preliminary estimate. * J D WETHERSPOON: Pub operator J D Wetherspoon JDW.L posted a 4.7%

increase in its like-for-like sales for the second quarter, joining peer

Mitchells & Butlers in reporting strong performance during the key holiday

season. * BURBERRY: British luxury label Burberry BRBY.L edged up its forecast for

full-year sales on Wednesday after it saw strong demand for designer Riccardo

Tisci's new collections in the 13 weeks to Dec. 28. * WH SMITH: Retailer WH Smith Plc SMWH.L said sales in the 20 weeks to

Jan. 18 rose 7%, as more customers shopped at its outlets in airports and

railway stations, but turmoil on the British shopping streets led to lower

like-for-like sales. * ANTOFOGASTA: Chilean miner Antofagasta Plc ANTO.L reported a 5.8% drop

in fourth-quarter copper production, plagued by supply and transportation

disruptions because of civil unrest in Chile that started in October last year.

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* SAINSBURY: Mike Coupe will step down as CEO of Sainsbury's SBRY.L at the

end of May after six years at the helm, with Britain's second largest

supermarket group opting for continuity by choosing retail and operations

director Simon Roberts as his successor. * GLENCORE: FAR Ltd FAR.AX said it signed a binding agreement with

Glencore Plc GLEN.L to market the Australian company's share of crude oil from

its Sangomar Field in Senegal. * LLOYDS: Britain's Lloyds Banking Group LLOY.L plans to scale down its

foreign exchange business by the end of the year, stung by low profitability and

rising competition from its rivals, three sources familiar with the matter said.

* VODAFONE: Britain's Vodafone Group Plc VOD.L has left the entity that

manages the Facebook Inc FB.O led effort to launch Libra, a global digital

currency, Libra Association said on Tuesday. * GOLD: Gold prices slipped as the dollar firmed and investors played down

any immediate impact on the global economy from the outbreak of a new

coronavirus in China. * COPPER: London copper prices hovered around a two-week low after

inventories climbed by a third and the coronavirus outbreak spread further

across the world. * OIL: Oil prices eased, extending declines as the International Energy

Agency (IEA) forecast a market surplus in the first half, helping ease concerns

about disruptions that have slashed Libya's crude output. * London's FTSE 100 suffered its worst day in two weeks on Tuesday as the

spread of the coronavirus curbed risk appetite and oil prices fell sharply,

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while jobs data eased some bets of an imminent interest rate cut by the Bank of

England. UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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