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UPDATE 1-UK Stocks-Factors to watch on Jan. 8

Published 08/01/2020, 08:46
Updated 08/01/2020, 08:54
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Jan. 8

(Adds company news items and futures)

Jan 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 28 points

lower at 7,546 on Wednesday, according to financial bookmakers, with futures

.FFIc1 down 0.4% ahead of the cash market open.

* SAINSBURY'S: Sainsbury's SBRY.L , Britain's No. 2 supermarket group,

reported a small fall in underlying sales in the key Christmas quarter, with a

solid performance from food more than offset by a weak general merchandise

market. * GREGGS: British baker and takeaway food group Greggs GRG.L , home of the

vegan-friendly sausage roll, said its annual profit would be higher than

expected and it would make a special bonus payment to staff to reflect an

"exceptional year". * OFCOM: Britain's telecoms regulator said it would "supercharge" investment

in fibre broadband networks with major proposals to change regulation of the

national Openreach network owned by BT BT.L . * FINABLR: Finablr Plc FINF.L said on Wednesday its foreign exchange firm

Travelex had confirmed that a software virus that forced it to take its systems

offline at the end of December was a ransomware known as Sodinokibi.

* BREEDON GROUP: British construction materials firm Breedon Group Plc

BREE.L said it would buy certain UK assets and operations from Mexico's CEMEX

SAB de CV CEMEXCPO.MX for 178 million pounds ($233.79 million), strengthening

its position in Britain and Ireland. * NMC HEALTH: Two investors of NMC Health Plc NMC.L are selling shares

worth 374 million pounds ($490 million) in the healthcare group, a bookrunner

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for the deal said on Tuesday, weeks after short-selling firm Muddy Waters

questioned the company's finances. * BARCLAYS: A group of Barclays BARC.L shareholders coordinated by

responsible investment lobby group ShareAction want the bank to phase out

financing fossil fuels, stepping up pressure on one of Europe's biggest funders

of the sector. * INSURERS: Britain's markets watchdog has told the bosses of commercial

insurance companies to stamp out bad behavior in the industry and improve

diversity, or risk losing their jobs. * BHP: Copper output slumped at Chile's state miner Codelco and BHP's

BHP.AX sprawling Escondida mine in November, according to Chile state copper

agency Cochilco, amid a turbulent month of riots and mass protests that rocked

the mineral-rich South American nation. * WOODFORD: The frozen LF Woodford Income Focus fund, formerly run by

veteran money manager Neil Woodford, will change its name to reflect its change

of management and have a lower returns target, its authorized corporate director

Link Fund Solutions said on Tuesday. * OIL: Oil markets calmed after on Wednesday after prices had jumped to

their highest in months in the wake of a rocket attack by Iran on American

forces in Iraq that raised the spectre of a spiralling conflict and disrupted

crude supplies. * GOLD: Gold soared as much as 2% to vault over the $1,600 ceiling for the

first time in nearly seven years, as investors flocked to safe havens, after

Iran launched retaliatory missile strikes against U.S. forces in Iraq.

* British bluechips handed back gains as falls in oil majors offset relief

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over the absence of an immediate escalation in Middle East tension, but a report

that Britain's preparations for a no-deal Brexit had been halted aided domestic

stocks. UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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