Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

UPDATE 1-UK Stocks-Factors to watch on Jan. 9

Published 09/01/2020, 08:59
Updated 09/01/2020, 09:00
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Jan. 9
UK100
-
MKS
-
TSCO
-
SHI
-
AVV
-
UK100
-
DNLM
-
RWA
-
PTT
-
CARDC
-

(Adds futures, company news items)

Jan 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points

higher at 7,591

on Thursday, according to financial bookmakers, with futures FFIc1 up 0.5%

ahead of the cash market open.

* MARKS & SPENCER: Marks & Spencer MKS.L reported a rise in quarterly

underlying sales for its overall UK business for the first time since 2017 on

Thursday, indicating its latest attempt at a turnaround is showing some

tentative progress. * UK COMPENSATION: Britain's financial industry compensation body said on

Thursday it can only help 159 of a total 11,600 investors holding bonds issued

by defunct investment firm London Capital & Finance.

* JOHN LEWIS: Britain's John Lewis Partnership JLPLC.UL forecast

"significantly" lower profits for its 2019 financial year after Christmas sales

fell, raising the prospect that it might not pay staff an annual bonus.

* SIG: Building materials supplier SIG Plc SHI.L on Thursday cautioned

that its annual profit would be significantly lower as steps taken to offset

weak construction markets in the UK and Germany would take longer than expected

to bear fruit.

* TESCO: Tesco TSCO.L , Britain's biggest retailer, ground out a 0.1% rise

in underlying sales in its home market during what it said was a "subdued"

Christmas for consumer spending. * Home furnishings retailer Dunelm DNLM.L forecast a near 20% jump in

earnings for the first half of its fiscal year, benefiting from its decision to

stay away from discounting during a key holiday season that included Black

Friday and Christmas.

* CARD FACTORY: British greeting card retailer Card Factory CARDC.L said

on Thursday it expects lower annual adjusted underlying core profit and blamed

general election and weak consumer confidence for subdued performance in the key

Christmas period.

* ROBERT WALTERS: Recruiter Robert Walters Plc RWA.L said on Thursday its

fourth-quarter gross profit fell 7% as employer and candidate confidence in the

UK dwindled due to political uncertainty surrounding Brexit and the December

elections.

* TESCO: Thailand's state-owned energy firm PTT Pcl PTT.BK said neither it

nor its retail unit were interested in bidding for Tesco Plc's TSCO.L assets

in Asia. * CIIA CODE: Internal auditors should have direct access to top company

bosses to help avoid Carillion-style corporate crashes, a new industry code said

on Wednesday. The code from the Chartered Institute of Internal Auditors (CIIA)

aims to restore credibility in internal auditors' ability to be the "eyes and

ears" of boards to stamp out poor governance and misconduct. * RETAIL SPENDING: British shoppers cut back on spending in late 2019,

rounding off the worst year since at least the mid-1990s for retail sales as

measured by an industry group which blamed uncertainty about Brexit and last

month's election for the slump. * GOLD: Gold prices edged higher as investors preferred to stay put with

safe-haven assets even though the chances of an escalation in U.S.-Iran conflict

waned after the two sides softened their stance. * OIL: Oil prices climbed after a rocket attack on Baghdad triggered fresh

concern over the potential for conflict in the Middle East, a day after markets

were roiled by an Iranian missile strike on Iraqi bases hosting U.S. forces.

* EX-DIVS: Aveva Group AVV.L will trade without entitlement to their

latest dividend pay-out on Thursday, trimming 0.04 points off the FTSE 100

according to Reuters calculations * London's main index recouped almost all its earlier losses on Wednesday as

markets hoped flaring tensions between the United States and Iran would not

escalate further, while midcaps slipped as worries of a hard Brexit resurfaced.

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.