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UPDATE 1-UK Stocks-Factors to watch on March 9

Published 09/03/2021, 08:54
Updated 09/03/2021, 09:00
© Reuters.
UK100
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BP
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ABDN
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RR
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(Adds futures, news items)
March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening open 7
points lower at 6,713 on Tuesday, according to financial bookmakers, with
futures .FFIc1 down 0.40% ahead of the cash market open.

* ITV: ITV ITV.L reported a 21% drop in full-year adjusted earnings,
beating analyst expectations after advertising demand rebounded at the end of
the year. * CAIRN ENERGY: Cairn Energy CNE.L said it has agreed to sell its
interests in the UK Catcher and Kraken oil fields in the North Sea to Waldorf
Production Ltd for $460 million in cash. * TP ICAP: TP ICAP TCAPI.L halved its dividend citing a one-off reduction,
and said first-quarter revenue might be lower compared to 2020. * STANDARD LIFE ABERDEEN: Standard Life Aberdeen SLA.L said its adjusted
full-year profits fell 16.6% to 487 million pounds as it reconfigures its global
operations. * SHELL: Shell Egypt RDSa.L said it entered into an agreement to sell
upstream assets in Egypt's Western Desert to Cheiron Petroleum Corporation and
Cairn Energy Plc CNE.L for up to $926 million. * M&G: M&G MNG.L reported a 31% fall in 2020 operating profit to 788
million pounds in its first full year as a standalone company. * WH SMITH: WH Smith SMWH.L said its performance was better than expected
since January and that it had extended the maturity of its two existing term
loans. * IWG: IWG IWG.L signalled that it will shut more underperforming centres
as the market recovery from the COVID-19 pandemic was taking longer than
anticipated. * VODAFONE: Vodafone Group VOD.L said it would seek to raise up to 2.8
billion euros in proceeds by floating infrastructure unit Vantage Towers in
Europe's largest initial public offering of 2021. * ROLLS-ROYCE: Norway's NSM security agency may block a planned 150 million
euro sale by Rolls-Royce RR.L of its Bergen Engines unit to a company
controlled by Russia's TMH Group, the justice ministry said in a
statement. * BP: BP plc BP.L has stopped importing oil for its refinery in Western
Australia, the country's largest, and is on track to decommission the plant by
the end of March, a spokesman said. * UNILEVER: Unilever ULVR.L will remove the word "normal" from its beauty
and personal care products, as well as stop digital alterations of body shapes
and skin colour of models used in its advertising in a push to be more
inclusive. * ECONOMY: British consumers cut back heavily on spending as they spent a
second month in a COVID-19 lockdown in February but confidence in the economy
hit a 12-month high, payment card firm Barclaycard said. * GOLD: Gold prices rose as a pullback in U.S. Treasury yields added some
lustre to the metal after it hit a nine-month low in the previous
session. * OIL: Oil prices fell on receding fears of a supply disruption in Saudi
Arabia. [nL1N2L706J
* The UK blue-chip index .FTSE closed 1.3% higher on Monday, led by gains
in banks and mining stocks. * For more on the factors affecting European stocks, please click on:
LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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