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UPDATE 1-UK Stocks-Factors to watch on Feb 8

Stock MarketsFeb 08, 2019 13:20
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© Reuters. UPDATE 1-UK Stocks-Factors to watch on Feb 8

(Adds company news items and futures)

Feb 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 6 points higher at 7,100 on Friday, according to financial bookmakers, while FTSE 100 futures .FFIc1 were down 0.17 percent ahead of the cash market open.

* CareTech Holdings: Britian's competition watchdog on Friday decided against referring the completed deal between CareTech Holdings Plc CTH.L and Cambian Group for a Phase-2 investigation. SSE: Britain's SSE Plc SSE.L cut its full-year profit forecast, hurt by the suspension of payments from a back-up power scheme to energy suppliers. VISA: Visa Inc (NYSE:V) V.N on Friday sweetened its offer for payment company Earthport Plc EPO.L to about 247 million pounds ($319.84 million), topping rival Mastercard (NYSE:MA) Inc's MA.N earlier bid. Nationwide Building: Britain's bellwether mortgage lender Nationwide Building Society POB_p.L reported a 21 percent fall in third quarter profits, after further ramping up investment in digital banking. PETROFAC: Shares in British oil services firm Petrofac PFC.L slumped almost 30 percent on Thursday after a former senior executive pleaded guilty to 11 counts of bribery in relation to oil deals in Iraq and Saudi Arabia. GOLD: Gold held steady on Friday on worries that a prolonged Sino-U.S. trade war could worsen global economic slowdown, but a strong dollar put bullion on track for its first weekly loss in three. OIL: Oil markets fell on Friday, pulled down by an economic slowdown, although supply cuts led by producer club OPEC and U.S. sanctions against Venezuela provided crude with some support. The UK blue chip index closed 1.11 percent down at 7093.58 on Thursday,as economic growth concerns resurfaced after the Bank of England joined the European Commission in cutting its growth forecast amid Brexit uncertainty, while tour operator TUI plunged after poor results. 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 Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

: visit http://topnews.session.rservices.com

* For Top News : http://topnews.reuters.com

UPDATE 1-UK Stocks-Factors to watch on Feb 8
 

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