UK Stocks-Factors to watch on Feb 23

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Feb 23
Credit: © Reuters.

Feb 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 10 points higher at 6,622 on Tuesday, according to financial bookmakers.

* HSBC: HSBC Holdings PLC HSBA.L abandoned its long-term profitability target, and unveiled a revised strategy focussed mainly on wealth management in Asia and the Middle East after posting a sharp drop in annual profit. AVIVA: French mutual insurer Groupe Macif is in pole position to acquire Aviva 's AV.L French operations, Le Figaro reported on Monday, as the bidding deadline set by the UK group nears. GOLD: Gold climbed to a one-week peak, bolstered by a weaker dollar and a retreat in U.S. Treasury yields, while concerns of rising inflation further boosted bullion's appeal. OIL: Oil prices jumped by more than $1, underpinned by optimism over COVID-19 vaccine rollouts and lower output as U.S. supplies were slow to return after a deep freeze in Texas shut in crude production last week. The UK blue-chip index .FTSE closed 0.2% lower on Monday, but recovered from early lows as British Prime Minister Boris Johnson set out a phased plan to end England's COVID-19 lockdown, boosting travel-related stocks. UK CORPORATE DIARY:

McBride Plc

MCB.L

HY results InterContinental Hotels Group Plc

IHG.L

FY results

* 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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