UPDATE 2-UK Stocks-Factors to watch on Feb. 24

Published 2017/02/24, 09:47
© Reuters.  UPDATE 2-UK Stocks-Factors to watch on Feb. 24

(Adds company news item)

Feb 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 4 points at 7267 on Friday, according to financial bookmakers, with futures down 0.1 pct ahead of the cash market open.

* The UK blue chip index .FTSE closed 0.4 percent lower at 7271.37 on Thursday, depressed by Barclays BARC.L stock after the bank reported earnings, by mining sector shares and those trading ex-dividend. RBS: Royal Bank of Scotland RBS.L reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank rescue. WILLIAM HILL: British bookmaker William Hill Plc WMH.L said on Friday its annual operating profit fell 10 percent as challenging trading conditions and unfavourable football results late in the year took their toll. PEARSON: Pearson PSON.L , the global education company battling a collapse in its biggest market, said it would take further costs out of the business and look to sell some assets after posting a $3.3 billion pretax loss and a sharp rise in debt. RIGHTMOVE: British property website Rightmove RMV.L reported higher 2016 profit as more customers logged on to its sites to buy and sell houses, but said traffic to its website generated fewer leads for brokers as the Brexit vote dampened housing market activity. STANDARD LIFE: Insurer and asset manager Standard Life SL.L posted a forecast-beating 9 percent rise in 2016 operating profit, helped by increasing client diversification, it said on Friday. IAG: British Airways owner IAG ICAG.L reported operating profit in line with expectations on Friday, and said it would increase cash returns to shareholders through a stock buyback. PURPLEBRICKS: Shares in Purplebricks Group Plc PURP.L rose as much as 19 percent on Thursday after the British online real estate agent said it would enter the U.S. market, having built a leading position in a fragmented industry at home. SHELL: Argentina's state-run oil company YPF SA YPFD.BA said it reached a preliminary deal with Royal Dutch Shell Plc RDSa.L on Thursday to develop oil and gas assets in the Vaca Muerta shale field, involving a $300 million investment from Shell. 3I: Investment company 3i III.L said it was looking to conclude the sale of the struggling lingerie brand Agent Provocateur over concerns that the business could face a cash crunch next week after staff are paid, Sky News reported. OIL: U.S. oil prices fell on Friday after government data released late in the previous session showed stockpiles rose last week for a seventh straight week, although losses were muted as inventory growth was well below expectations. GOLD: Gold prices held steady on Friday near 3-1/2-month highs hit in the previous session following tempered expectations of a U.S. rate hike in March, and as investors awaited clarity on President Donald Trump's economic policy. XAU= For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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

: visit http://topnews.session.rservices.com

* For Top News : http://topnews.reuters.com

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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.