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UPDATE 1-UK Stocks - Factors to watch on March 10

Published 03/10/2021, 03:48 PM
Updated 03/10/2021, 03:50 PM
© Reuters.
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LGEN
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(Adds futures, news items)
March 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 32
points lower at 6,698 on Wednesday, according to financial bookmakers, with
futures .FFIc1 down 0.66% ahead of the cash market open.

* TULLOW OIL: Tullow Oil TLW.L said it expected to generate $500 million
in operating cashflow this year at an oil price of $50 a barrel
LCOc1 . * FOXTONS: Foxtons Group FOXT.L said it witnessed significant profit
growth in the first two months of the current year. * RESTAURANT GROUP: Restaurant Group RTN.L said it was planning to raise
175 million pounds as it grapples with restaurant closures due to Britain's
latest round of lockdowns. * LEGAL & GENERAL: Legal & General LGEN.L posted a 3% dip in 2020
operating profit to 2.2 billion pounds. * BALFOUR BEATTY: Balfour Beatty BALF.L reinstated its dividend as the
construction sector recovers from pandemic-induced disruptions. * SHELL: Royal Dutch Shell Plc RDSa.L shut the hydrocracker at its 227,400
barrel-per-day (bpd) Norco, Louisiana refinery to repair a leak, said sources
familiar with plant operations on Tuesday. * ANTOFAGASTA: Workers at Antofagasta's Los Pelambres copper mine in Chile
on Tuesday voted to reject the company's latest contract offer, paving the way
for a strike, a union spokesman told Reuters. * HEATHROW: Britain's Heathrow Airport said on Tuesday it raised 350 million
pounds in bonds maturing in 2028. * AVIATION: Britain wants to cut air passenger duty on internal flights and
will launch a consultation this spring, the government said as the aviation
industry suffers from the COVID-19 pandemic. * HOUSING: Renters' appetite for property in central London and its inner
suburbs has jumped as life appears nearer to returning to normal as the COVID
pandemic recedes, data from property website Rightmove showed. * GOLD: Gold inched lower as firmer U.S. Treasury yields and dollar eroded
the metal's appeal. * OIL: Oil fell as investors took profits while looking ahead to U.S.
inventories data due later in the day for pointers on where prices will head
next. * The UK blue-chip index .FTSE closed 0.2% higher on Tuesday thanks to
strength in industrials and other defensive sectors, although broader gains were
capped by weakness in mining stocks due to a drop in metal prices. * For more on the factors affecting European stocks, please click on:
LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB


($1 = 0.7213 pounds)

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