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UPDATE 1-UK Stocks-Factors to watch on March 8

Published 2021/03/08, 09:46
Updated 2021/03/08, 09:48
© Reuters.
UK100
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BA
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SRENH
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AZN
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RDSa
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PSON
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LCO
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UK100
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CL
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PHNX
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SNR
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DLGD
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(Adds futures, news items)

March 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 46 points higher at 6,676 on Monday, according to financial bookmakers, with futures .FFIc1 up 0.7% ahead of the cash market open.

* PHOENIX: British life insurer Phoenix PHNX.L posted a 48% rise in 2020 operating profit to 1.2 billion pounds ($1.66 billion) it said, helped by its purchase last year of Swiss Re 's SRENH.S British business ReAssure. PEARSON: Global education group Pearson PSON.L said it would restructure the company to be able to serve consumers directly, after it posted 2020 operating profit in line with forecasts. DIRECT LINE: Direct Line DLGD.L reported a 4.5% fall in 2020 profit as weather-related costs in its home insurance line offset strong performance of its motor insurance business, which benefited from fewer claims due to COVID-19 restrictions. SENIOR: Senior Plc SNR.L warned this year would be as challenging as 2020 after the British aircraft parts supplier swung to an annual loss, hit by COVID-19-related disruptions to flight travel and Boeing (NYSE:BA)'s BA.N 737 MAX crisis. DELIVEROO: British food delivery firm Deliveroo announced plans for its London listing, disclosing it had narrowed its underlying loss in 2020 to 223.7 million pounds. TRUSTPILOT: Online review platform Trustpilot said it has received commitments from several funds to act as cornerstone investors in its upcoming initial public offering at a price that gives it an enterprise value of up to $1.4 billion. ASTRAZENECA: Indonesia's state-owned pharmaceutical company Bio Farma said that 1.1 million doses of vaccine produced by AstraZeneca under the global vaccine-sharing COVAX facility would arrive on Monday. ECONOMY: The United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity, according to new research published. OIL: Brent crude futures surged above $70 a barrel for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities. ASTRAZENECA: Austrian authorities have suspended inoculations with a batch of AstraZeneca's AZN.L COVID-19 vaccine as a precaution while investigating the death of one person and the illness of another after the shots, a health agency said on Sunday. BT: BT RDSa.L . London's FTSE 100 ended down on Friday as concerns around U.S. bond yields and sluggishness in the British housing market outweighed strength in energy stocks and weakness in the pound. For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS

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($1 = 0.7241 pounds)

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