UPDATE 1-UK Stocks-Factors to watch on Feb 5

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Feb 5
Credit: © Reuters.

(Adds company news and futures)

Feb 5 (Reuters) - Britain's FTSE 100 .FTSE index to open 79 points lower at 7,364 on Monday, according to financial bookmakers, with futures FFIc1 down 0.85 percent ahead of the cash market open.

* TESCO: Tesco TSCO.L , Britain's biggest retailer, on Monday forecast profit for the full 2017-18 year slightly ahead of analysts' expectations and confirmed a final dividend payment. also said that Charles Wilson, the current boss of Booker BOK.L , will be CEO of Tesco's retail and wholesale operation in the UK and Ireland, when the supermarket completes its purchase of the wholesaler.

RANDGOLD: African gold miner Randgold RRS.L on Monday reported 2017 profit up 14 percent at $335 million thanks to increased production and said it would double its annual dividend.

LLOYDS BANKING: Lloyds Banking Group Plc LLOY.L will ban its credit card customers from buying Bitcoin amid fears that they could run up huge losses, the Telegraph reported on Sunday. GOLD: Gold prices inched down on Monday after robust U.S. jobs data late last week potentially increased the chances of more U.S. interest rate hikes this year.

OIL: Oil prices on Monday extended declines from the end of last week amid a wider market sell-off and a stronger dollar, with Brent crude falling to its lowest in nearly a month.

DAILY MIRROR: The publisher of Britain's Daily Mirror newspaper will clinch a 127 million pound ($179 million) takeover of rival titles the Daily Express and Daily Star this week, Sky News reported on Sunday.

CARILLION-RESTRUCTURING: The British Business Bank will provide up to 100 million pounds ($141.53 million) of lending to small businesses and workers affected by Carillion Plc's CLLN.L liquidation, the department for Business, Energy and Industrial Strategy (BEIS) said on Saturday.

BRIDGEPOINT: British buyout firm Bridgepoint has mandated Rothschild to sell the residential care business of Care UK, four financial sources familiar with the matter said. The UK blue chip index closed down 0.6 percent at 7,443.43 points on Friday, after results from BT were met with disappointment and commodities stocks tumbled amid a global equity market sell-off.

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search