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UPDATE 1-UK Stocks-Factors to watch on Jan. 7

Published 07/01/2020, 08:52
Updated 07/01/2020, 08:54
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Jan. 7
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(Adds futures, news items)

Jan 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 33 points

higher at 7,608 on Tuesday, according to financial bookmakers, with futures

FFIc1 up 0.4% ahead of the cash market open.

* SHELL: Dutch Shell RDSa.L has planned maintenance at its Queensland

Curtis liquefied natural gas (LNG) export plant for mid-2021, a notice on the

Australia Energy Market Operator (AEMO) website showed. * PREMIER OIL: Premier Oil PMO.L is set to buy stakes in North Sea

oilfields Andrew and Shearwater from BP BP.L for $625 million and increase its

stake in the Tolmount gas project in a deal with Dana worth $191 million,

Premier said. * ASTON MARTIN: Luxury British carmaker Aston Martin AML.L warned that its

annual core profit would plummet more than 45% from last year, as weak demand in

Europe led to a drop in wholesale volumes. * BURFORD: Litigation funder Burford Capital BURF.L said that a U.S.

securities class action lawsuit against the company filed in August last year

has been withdrawn by the plaintiffs and dismissed. * MORRISONS: Morrisons MRW.L , Britain's fourth largest supermarket group,

reported another fall in underlying sales over Christmas, blaming a tough

economic backdrop and sustained consumer uncertainty. * ZEGONA: Zegona Communications ZEG.L , a telecoms investment firm that

owns a stake in Spain's Euskaltel EKTL.MC , said it would buy back 10 million

pounds ($13 million) worth of its shares, which trade at a discount to the value

of its investments and cash. * BENTLEY: British luxury carmaker Bentley returned to profitability in

2019, helped by a 5% sales increase after a strong performance in Europe and the

Americas, the Volkswagen-owned VOWG_p.DE brand said. * ROLLS-ROYCE: Luxury carmaker Rolls-Royce said it recorded a 25% jump in

sales in 2019, underpinned by solid demand for its first-ever SUV, Cullinan,

just a year after the launch. * FINANCIAL SECTOR: Britain's financial industry paid a record near-$100

billion in taxes in the year to March, reaffirming its central role in funding

the state at a time when its future prospects have been clouded by Brexit.

* BUDGET: British finance minister Sajid Javid will deliver the government's

first post-Brexit budget on March 11, promising more investment to help voters

who gave Prime Minister Boris Johnson a sweeping election win last month.

* OIL: Oil prices slid as investors reconsidered the likelihood of Middle

East supply disruptions in the wake of the United States killing a top Iranian

military commander. * GOLD: Gold prices slipped further from the previous session's near

seven-year high, as Middle East tensions cooled and investors booked profit,

while palladium touched a new high. * Britain's FTSE 100 .FTSE closed 0.6% lower on Monday with financial

stocks leading the losses on concerns over tensions in the Middle East, although

oil-fuelled gains for Shell RDSa.L and BP BP.L provided some support.

UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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