UPDATE 1-UK Stocks-Factors to watch on Feb. 9

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Feb. 9
Credit: © Reuters.

(Adds futures and news items)

Feb 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat at 6,524 on Tuesday, according to financial bookmakers, with futures .FFIc1 down 0.25% ahead of cash market open.

* BELLWAY: Bellway BWY.L forecast a surge in the number of homes it will deliver in its current fiscal year after record first-half volumes, while its forward sales jumped by nearly a third to 500 million pounds on strong demand. TUI (LON: TUIT ): TUI Group TUIGn.DE sunk to a 699 million euros loss in its first quarter, but said it had cut costs to limit the impact of another period when lockdowns and restrictions stopped trips. OCADO: Ocado Group OCDO.L reported a 69% increase in 2019-20 core earnings, as the COVID-19 pandemic generating huge demand for home delivery. NUMIS: Numis NUM.L said it plans to set up an office based in the European Union within a year to maintain full market access to the bloc. MICRO FOCUS INTERNATIONAL: Micro Focus International MCRO.L re-instated its dividend after it made "solid progress" in the first year of its three-year turnaround plan. HAVN: German chauffeur service Blacklane has acquired a majority stake in Jaguar Land Rover-backed Havn, a premium all-electric cab service in London, for an undisclosed sum to speed up the electrification of its private hire fleet. ECONOMY: Spending by British consumers plunged in January at the fastest rate in seven months as the country went back into a tight COVID-19 lockdown, payment card firm Barclaycard said. GOLD: Gold prices rose to a near one-week high as the dollar faltered and expectations firmed that a massive U.S. fiscal stimulus to revive the world's largest economy will soon be passed. OIL: Oil prices advanced to their highest in 13 months, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. The UK blue-chip index .FTSE closed 0.5% higher on Monday as mining and energy stocks tracked strong gains in commodity prices. For more on the factors affecting European stocks, please click on: LIVE/


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