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UPDATE 1-UK Stocks-Factors to watch on Jan. 10

Published 01/10/2020, 03:48 PM
Updated 01/10/2020, 03:56 PM
UPDATE 1-UK Stocks-Factors to watch on Jan. 10
UK100
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SHEL
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MNDI
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0RYA
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UK100
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JD
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SDRY
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BMEB
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JOUL
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(Adds news items, futures)
Jan 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 28
points higher at 7,626 on Friday, according to financial bookmakers, with
futures FFIc1 up 0.4% ahead of the cash market open.

* JOULES: Fashion retailer Joules Group Plc JOUL.L warned that its 2020
profit would be significantly below market expectations as online retail sales
suffered due to a shortage of merchandise during the crucial Christmas period.

* MONDI: Paper packaging company Mondi Plc MNDI.L said that Chief
Executive Officer Peter Oswald would step down after nearly three years in the
role. * JD SPORTS: Britain's biggest sportswear retailer JD Sports JD.L said it
expects annual headline pretax profit towards the upper end of the current
market view, as its gym clothing and premium-branded fashion helped counter the
gloomy UK retail sector once again.
* LIDL UK: Lidl GB said its total sales rose 11% in the four weeks to Dec.
29 as the British arm of the German discount supermarket group outshone bigger
rivals in what was otherwise a subdued Christmas period.
* B&M: B&M European Value Retail BMEB.L said sales growth slowed in the
key Christmas quarter, reflecting a "challenging broader retail market" and a
decision not to engage in early discounting activity. * SUPERDRY: British fashion brand Superdry SDRY.L warned on its full-year
profit on Friday after sales during the peak Christmas period fell short of its
expectations due to weaker trading on older product.
* RYANAIR: Ryanair RYA.I , one of the world's largest airlines, raised its
guidance for full-year profit after tax to 950-1,050 million euros on
stronger-than-expected performance during the Christmas and New Year travel
period.
* SHELL: Royal Dutch Shell Plc RDSa.L is looking to sell its oil refinery
in Anacortes, Washington, according to three people familiar with the matter.
* INEOS: A subsidiary of British chemical giant INEOS Group INEOSG.UL will
build a plant with an annual capacity of 600,000 tonnes of acrylonitrile
butadiene styrene (ABS), a lightweight plastic used in automobiles and
electrical appliances, in China. * ECONOMY: Optimism at major British companies has improved by the largest
margin in at least 11 years after Prime Minister Boris Johnson won a sweeping
election victory last month, according to a survey from accountants Deloitte.
* JOBS: British employers last month increased their number of new permanent
staff for the first time in a year, reflecting a modest rise in optimism after
December's election, a survey of recruiters showed. * GOLD: Gold prices fell and were set for their worst week in five as easing
tensions in the Middle East prompted investors to move back to riskier bets.
* OIL: Oil prices dropped extending days of losses as the threat of war in
the Middle East receded and investors switched attention to economic growth
prospects and the rise in U.S. crude oil and product inventories. * London's main share index advanced on Thursday as chances of a full-blown
crisis in the Middle East waned, but mid-caps lagged as SIG and Marks and
Spencer fell after warning of lower annual results. TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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