Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

UPDATE 1-UK Stocks-Factors to watch on Jan. 20

Published 20/01/2020, 07:01 pm
Updated 20/01/2020, 07:07 pm
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Jan. 20

(News items, factors)

Jan 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 12 points higher at 7,686 on Monday, futures FFIc1 up 0.1%, according to financial bookmakers.

* FEVERTREE: Premium tonic water maker Fevertree Drinks Plc's FEVR.L said annual revenue growth of 10% would be below its expectations, hurt by subdued Christmas trading in Britain. BAE SYSTEMS: British defence company BAE Systems BAES.L said it would spend $2.2 billion to help grow its U.S.-based Electronic Systems business, picking up two units being offloaded as a result of the merger of U.S. rivals Raytheon (NYSE:RTN) and United Technologies (NYSE:UTX). INTU: British shopping centre operator Intu Properties INTUP.L said it was targeting an equity raise by the end of February to tackle debt, as it engages in talks with shareholders and potential new investors. ANGLO AMERICAN: Anglo American AAL.L said it agreed to buy Sirius Minerals SXX.L for 404.9 million pounds ($526.2 million) in cash, marking the global miner's return to fertilizer. PROPERTY MARKET: Asking prices for British houses put on sale in the five weeks to Jan. 11 rose by a record amount for the time of year, property website Rightmove said, adding to signs of a post-election bounce in consumer and business confidence. CAR INSURANCE: Comprehensive motor insurance policy costs in Britain rose 5% on average in 2019, the steepest annual rise since 2017, an insurance price index showed CAIRN ENERGY: Australian oil minnow FAR Ltd FAR.AX said it has lined up loan funding for its share of the $4.2 billion Sangomar project, Senegal's first oil development block, and made a final decision to proceed. The project is a joint venture (JV) between Woodside Petroleum WPL.AX , Cairn Energy Plc CNE.L , FAR and Senegal's state-owned Petrosen. BT: Britain's BT BT.L and Vodafone VOD.L are considering urging Prime Minister Boris Johnson not to risk the rollout of next generation mobile networks by banning China's Huawei HWT.UL , sources said, confirming a Sky News report on Friday GOLD: Gold traded in a narrow $3 range as strong U.S. economic data encouraged investment in riskier assets while limited risk hedging supported the metal. OIL: Oil prices rose to their highest in more than week after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. METAL: London copper prices were steady, as top consumer China posted solid growth in key metal consuming sectors, but trading volume was low ahead of a long holiday in the country. London's FTSE 100 rose to a more than five-month high on Friday as China's economic growth met expectations and the pound slid after weak British retail sales raised the prospect of an imminent interest rate cut by the Bank of England. UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.