UK Stocks-Factors to watch on Jan. 7

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Jan. 7
Credit: © Reuters.

Jan 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 45 points higher at 6,886 on Thursday, according to financial bookmakers.

* BP: BP Plc BP.L has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year. BP also paid almost $24.4 million to the U.S. Treasury to cover allegations company traders manipulated natural gas markets in 2008, but is still challenging the fine in court. MARKS & SPENCER: British retailer Marks & Spencer MKS.L said Britain's withdrawal from European Union trade rules last week was responsible for near-empty fresh-food aisles at some of its stores in Ireland on Wednesday. CENTRICA: The GMB union said on Wednesday its members at Centrica 's CNA.L British Gas will start a five-day strike from 0001 GMT on Thursday. COVID-19: British Prime Minister Boris Johnson won parliament's backing for England's latest lockdown on Wednesday after telling lawmakers that schools would be the first to reopen when he can start a "gradual unwrapping" of the strict measures. GOLD: Gold prices edged lower as firmer Treasury yields eclipsed support from a Democrat sweep in Georgia Senate runoffs that boosted hopes for more stimulus. OIL: Oil prices rose as Saudi Arabia unilaterally agreed to cut output over the next two months and as U.S. crude stockpiles fell. The UK blue-chip index .FTSE closed 3.5% higher on Wednesday led by banking and energy stocks as investors bet on more U.S. stimulus and crude oil prices jumped after Saudi Arabia agreed to cut more output than expected. UK CORPORATE DIARY:

Mitchells & Butlers Plc

MAB.L

Q1 trading update

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS

> Financial Times

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