UPDATE 1-UK Stocks-Factors to watch on Feb. 10

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Feb. 10
Credit: © Reuters.

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Feb 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 41 points higher at 6,572 on Wednesday, according to financial bookmakers, with futures .FFIc1 up 0.66% ahead of cash market open.

* DUNELM: Dunelm Group DNLM.L reinstated its interim dividend and posted a higher first-half profit, as strong online demand offset store closures during repeated coronavirus-induced restrictions.

LANCASHIRE: Lancashire LRE.L posted a surprise profit for 2020 as a recovery in its investment portfolio offset nearly $150 million in losses linked to the COVID-19 crisis and natural catastrophes. REDROW: Redrow Plc RDW.L reported an 11% rise in first-half profit on Wednesday and resumed dividend payment, as demand jumped for its spacious suburban homes in the wake of COVID-19 pandemic.

PERSIMMON: Persimmon PSN.L said it made a provision of 75 million pounds in its 2020 results to pay for necessary work on its buildings that may be affected by cladding issues.

TESCO: Tesco TSCO.L shareholders will vote on a resolution at this year's annual meeting calling for Britain's biggest food retailer to set targets to increase the proportion of healthy products it sells. COVID-19: A commonly used asthma treatment appears to reduce the need for hospitalizations as well as recovery time for COVID-19 patients if given within seven days of symptoms appearing, researchers at the University of Oxford said on Tuesday.

GOLD: Gold rose as a weaker dollar and rising hopes of a U.S. stimulus package elevated bullion's appeal as a hedge against inflation.

OIL: Oil prices rose again, extending their more than week-long rally after industry data showing a fall in U.S. crude oil stocks added to optimism about an expected rise in global fuel demand. The UK blue-chip index .FTSE closed 0.1% higher on Tuesday as investors looked for signs of progress in passing a proposed $1.9 trillion stimulus plan by the U.S. administration that could help spur a faster economic recovery this year. 

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