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UK Stocks-Factors to watch on Jan 9

Published 09-01-2019, 11:07 am
Updated 09-01-2019, 11:10 am
© Reuters.  UK Stocks-Factors to watch on Jan 9

Jan 9 - Britain's FTSE 100 .FTSE index is seen opening 75 points higher at 6,936 on Wednesday, according to financial bookmakers.

* INTERNATIONAL CONSOLIDATED AIRLINES: Brussels has warned British Airways owner IAG ICAG.L that its favoured strategy to allow it to continue flying freely in and around Europe in the event of a no-deal Brexit will not work, the Financial Times reported on Tuesday. FAROE PETROLEUM: Norwegian oil company DNO ASA DNO.OL said on Tuesday it raised its cash offer for Faroe Petroleum Plc FPM.L to 641.7 million pounds ($816.1 million), after the British firm rebuffed its acquisition offer earlier. GLAXOSMITHKLINE: GlaxoSmithKline Plc GSK.L will actively look to buy early-stage assets and partner with companies, the drugmaker's chief executive officer said on Tuesday. BP PLC: BP BP.L said it has discovered two new oilfields in the Gulf of Mexico and has identified an additional billion barrels of oil at an existing field thanks to new seismic technology. SERCO/ MEARS: Serco SRP.L and Mears MERG.L have won contracts totalling 2.9 billion pounds from the British government to provide accommodation and support for asylum seekers, lifting shares in both outsourcing firms. GOLD: Gold prices held steady on Wednesday as a potential close to a months-long Sino-U.S. trade war lifted risk sentiment, countering expectations that the Fed would pause interest rate increases for this year. OIL: Oil prices rose on Wednesday, extending gains from the previous session, on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. The UK blue chip index closed 0.7 percent higher at 6861.60 on Tuesday, amid hopes of a U.S.-China trade deal and as supermarket chain Tesco (LON:TSCO) led a revival in retailers after upbeat sales data that helped offset Morrisons' disappointing holiday update. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

* UK CORPORATE DIARY: Taylor Wimpey (LON:TW) Plc


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Trading statement Persimmon (LON:PSN) Plc


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WINEW.L Trading statement


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