UPDATE 1-UK Stocks-Factors to watch on Feb. 8

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Feb. 8
Credit: © Reuters.

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Feb 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 54 points higher at 6,543 on Monday, according to financial bookmakers, with futures .FFIc1 up 0.50% ahead of cash market open.

BOOHOO: Boohoo has bought the Dorothy Perkins, Wallis and Burton brands from the administrators of Arcadia for 25.2 million pounds, completing the break-up of Philip Green's fallen empire.

DRAX: Drax DRX.L said it would buy Canada-based Pinnacle Renewable Energy Inc PL.TO in a deal with an implied enterprise value of C$741 million including debt.

EXPERIAN: Experian EXPN.L said it was continuing to investigate whether the personal data of millions of Brazilian people that was found to be illegally offered for sale online could be connected with its Brazilian business Serasa. BP: BP BP.L and Germany's Energie Baden-Wuerttemberg AG EBKG.DE have been selected together as the preferred bidder for two major leases in the UK's offshore wind leasing round, the London-listed company said.

ASTRAZENECA: There is no evidence that the Astrazeneca AZN.L vaccine does not prevent death or serious illness, and South Africa has only imposed a temporary halt on using the vaccine, a British junior health minister said.

ROLLS ROYCE: Rolls-Royce RR.L said it is proposing a two-week operational shutdown of its civil aerospace unit over the summer.

G4S (CSE: G4S ): G4S GFS.L will hold talks with the City's takeover panel, the Telegraph reported on Saturday, which could lead to a head-to-head auction between GardaWorld and Allied Universal for the company's buyout.

GOLD: Gold prices edged higher as softer U.S. jobs data cemented hopes of further fiscal stimulus and pressured the dollar.

OIL: Oil prices rose with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand. The UK mid-cap index .FTMC closed 1.2% higher on Friday as power equipment supplier Aggreko Plc AGGK.L soared following a buyout proposal and faster vaccine rollouts supported hopes for a brisk economic revival. 

TODAY'S UK PAPERS

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