UK Stocks-Factors to watch on Feb 1

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Feb 1
Credit: © Reuters.

Feb 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 9 points higher at 6,417 on Monday, according to financial bookmakers.

* RYANAIR: Ryanair RYA.I said it may lose close to 1 billion euros in its current financial year, by far its worst ever performance, but Europe's largest low-cost carrier said the crisis would create significant growth opportunities. ASOS: ASOS ASOS.L is on the verge of a deal to buy Topshop and Miss Selfridge from the administrators of British tycoon Philip Green's Arcadia Group for almost 300 million pounds, Sky News reported. ASTRAZENECA: The European Commission gave approval on Friday for the use of the COVID-19 vaccine developed by AstraZeneca, the final step to allowing Europe to use it across the continent. CAIRN ENERGY: The Indian government may give Cairn Energy CNE.L a surrendered oil field such as the Ratna R-Series in lieu of an arbitration award against the South Asian country, according to a Press Trust of India report in financial daily Mint. COVID-19: EU officials confessed on Saturday to a "blunder" in invoking Northern Ireland Brexit emergency powers during a showdown with Britain over vaccines, and London said it expected its supply of COVID-19 shots would not be interrupted. SILVER: Silver rallied for a third straight session, soaring as much as 7.4% to a near six-month peak, after social media posts since last week called for retail investors to flood into the market. OIL: Oil prices edged higher after a weak start, holding on to the past three months of gains, although patchy coronavirus vaccine rollouts, new infections and the discovery of new variants are keeping a lid on prices. The UK blue-chip index .FTSE closed 1.8% lower on Friday as stalled vaccine rollouts and lockdowns to curb the spread of contagious new coronavirus variants kept investors from jumping into riskier assets. UK CORPORATE DIARY:

Hargreaves Lansdown Plc

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* For more on the factors affecting European stocks, please click on: LIVE/

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