(Adds index move at open, news items)
Jan 7 (Reuters) - Britain's FTSE 100 .FTSE index rose 0.6% to 6,880 in early trade on Thursday.
* SAINSBURY'S: Sainsbury 's SBRY.L raised its full-year profit forecast as it reported strong trading in the key Christmas quarter, benefiting from COVID-19 restrictions which kept people eating and drinking at home. MITCHELLS & BUTLERS: Mitchells & Butlers MAB.L said it was exploring an equity capital raise, as a new national lockdown shut the British pub operator's sites across England, though it added that no decision had been made yet on its timing, size or terms. RYANAIR: Ryanair RYA.I RYA.L slashed its annual traffic forecast by around 5 million passengers, citing fresh lockdowns in the United Kingdom and Ireland introduced to curb a highly contagious new variant of COVID-19. ENTAIN: Ladbrokes (LON: LCL ) owner Entain Plc ENT.L said it has offered to buy Sweden-based sports betting firm Enlabs AB NLABA.ST for about $343 million, days after rejecting an $11 billion takeover approach from U.S.-based MGM Resorts MGM.N . B&M: B&M BMEB.L reported sales growth of 22.5% in the third quarter, while lowering its annual profit outlook after the British discount retailer let go of 80 million pounds ($109 million) of property tax relief offered by the UK government. TP ICAP (LON: NXGN ): TP ICAP TCAPI.L forecast a 1% drop in full-year revenue and offered more details on a share issue to fund its previously announced acquisition of electronic trading network Liquidnet. 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. GOLD: Gold prices rose as a Democrat sweep of Georgia's Senate runoffs boosted expectations of additional U.S. stimulus, although soaring Treasury yields held back bullion below a two-month high scaled in the previous session. OIL: Oil prices rose almost 1% after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia, the world's biggest exporter, to cut output over the next two months. 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. For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.