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UPDATE 1-UK Stocks-Factors to watch on Jan. 14

Published 01/14/2020, 03:51 PM
Updated 01/14/2020, 03:56 PM
UPDATE 1-UK Stocks-Factors to watch on Jan. 14
UK100
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(Adds futures, news items)
Jan 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening steady
at 7,618 on Tuesday, according to financial bookmakers, with futures FFIc1
slightly up 0.1% ahead of the cash market open.

* BOOHOO: Britain's Boohoo BOOH.L reported robust trading in its Christmas
trading period and upgraded its full-year guidance, marking the online fashion
retailer as a festive winner that bucked a weak overall market. * MCBRIDE: McBride Plc MCB.L said it expects annual adjusted profit to be
15% lower than the market view, hurt by weakness in Britain and the loss of
revenue after the cleaning products maker decided to stop aerosol manufacture in
the country. * PAGEGROUP: British recruiter PageGroup Plc PAGE.L reported a small drop
in gross profit in the fourth quarter as it grappled with economic and political
uncertainty in China, the UK and France, while a weaker pound also dented
earnings. * TAYLOR WIMPEY: Taylor Wimpey TW.L reported a 22% jump in its order book
as cheaper home loans and a government scheme to spur Britons to buy houses
boosted demand, helping the British homebuilder overcome Brexit uncertainty.
* SHELL: Royal Dutch Shell Plc's RDSa.L 225,300 barrel-per-day (bpd)
Norco, Louisiana, refinery was operating normally on Monday after severe weather
disrupted electrical power supply on Saturday, said sources familiar with plant
operations. * LEKOIL: Trading in shares of Nigerian oil company Lekoil LEK.L was
suspended on the London Stock Exchange on Monday when the company said it had
discovered that an announced $184 million loan agreement with the Qatar
Investment Authority (QIA) was fraudulent. * GOLD: Gold prices fell to their lowest in nearly two weeks on Tuesday as
risk appetite was whetted by stronger-than-expected China economic data and the
imminent signing of a preliminary U.S.-China trade deal. * OIL: Oil prices edged higher as investors focused on the signing of a
preliminary trade deal between the United States and China, the world's top oil
consumers, and on expectations of a drawdown in U.S. crude oil inventories.
* BANKS: International banks have called on the European Union to make its
system for financial market access more transparent and predictable to avoid
hurting markets and consumers. L8N29I32X
* London's main stock index gained on Monday, in step with global peers, as
investors took heart from the imminent signing of a Phase 1 U.S.-China trade
deal, while hopes of further interest rate cuts by the Bank of England helped
the midcaps outperform. UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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