UPDATE 1-UK Stocks-Factors to watch on Feb. 17

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Feb. 17
Credit: © Reuters.

(Adds company news items, futures)

Feb 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points higher at 6,751 on Wednesday, according to financial bookmakers, with futures up 0.15% ahead of cash market open.

* SIGNATURE AVIATION: Signature Aviation SIGSI.L said it had agreed to sell its engine repairs business to StandardAero for $230 million, as the jet services company seeks a leaner business and focuses on cash-generative operations. PLUS500: Online trading platform Plus500 Ltd PLUSP.L said its annual core profit more than doubled, as it added a record number of new customers buoyed by coronavirus-driven market volatility, encouraging it to set a special dividend. BRITISH AMERICAN TOBACCO: Lucky Strike maker British American Tobacco (JO: SNHJ ) BATS.L reported a stronger-than-expected annual profit, as consumers bought more cigarettes during the COVID-19 pandemic. GOLD: Gold prices extended losses for a fifth straight session, slipping to near two-week lows as soaring U.S. Treasury yields and a firmer dollar dented the bullion's appeal. OIL: Bullish oil prices marked time as support from supply disruptions in the U.S. south caused by an Arctic blast was offset by expectations that OPEC+ producers may ease their output curbs after April. The UK blue-chip index .FTSE closed 0.1% lower on Tuesday after investors took a breather after three consecutive sessions of gains, while bets on a vaccine-led economic recovery and a jump in mining stocks helped support the commodity -heavy index. For more on the factors affecting European stocks, please click on: LIVE/

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