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UPDATE 1-UK Stocks-Factors to watch on March 3

Published 03/03/2020, 03:58 PM
Updated 03/03/2020, 04:00 PM
UPDATE 1-UK Stocks-Factors to watch on March 3
UK100
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TPK
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ITRK
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GRG
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FRES
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RWA
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DLGD
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CMCX
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(Adds company news items)
March 3 - Britain's FTSE 100 .FTSE index is seen opening 67 points higher
at 6,722 on Tuesday, according to financial bookmakers.
* ROBERT WALTERS: British recruiting firm Robert Walters' RWA.L annual
pretax profit fell 3%, hurt by a hiring squeeze in a year hit by economic
uncertainty due to Brexit and the Sino-U.S. trade war. * DIRECT LINE: British insurer Direct Line DLGD.L said on Tuesday the
coronavirus outbreak could hurt results for its travel business this year, as it
reported a fall in 2019 profit in the face of steep claims and strong
competition on pricing from smaller rivals. * FRESNILLO: Precious metals miner Fresnillo FRES.L on Tuesday posted a
63% slump in 2019 pretax profit, as low-grade ore hit production and it
curtailed operations at its Noche Buena mine in Mexico. * INTERTEK: British product quality testing firm Intertek ITRK.L said on
Tuesday the outbreak of the coronavirus would hurt its 2020 performance as its
supply chains in China were disrupted, but added that it was too early to
quantify the impact. * CMC MARKETS: Online trading platform CMC Markets CMCX.L on Tuesday
predicted that its fiscal-year income would beat market forecasts, amid high
customer trading activity because of the coronavirus scare. * GREGGS: British baker Greggs GRG.L said on Tuesday it made a very strong
start to 2020 in January but saw a significant slowdown in February due to
widespread storms that kept shoppers away, taking the shine off a stellar 2019.
* TRAVIS PERKINS: Travis Perkins TPK.L on Tuesday reported a 7.8% rise in
adjusted operating profit for 2019, as the building materials distributor
benefited from growth in its home improvement unit. * OIL: Oil prices rose for a second day on expectations that central banks
are likely to enact financial stimulus to offset the impacts of the coronavirus
outbreak and growing optimism that OPEC will order deeper output cuts this week.
O/R
* London-listed shares bounced back in choppy Monday trade from their worst
week since the global financial crisis, as investors bet on further monetary
stimulus from central banks to limit the economic impact of the coronavirus
epidemic. 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

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