UK Stocks-Factors to watch on Feb. 2

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Feb. 2
Credit: © Reuters.

Feb 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 47 points higher at 6,514 on Tuesday, according to financial bookmakers.

* MARSTON'S: Marston's MARS.L rejected a 666 million pound ($910 million) takeover proposal from Platinum Equity Advisors on Monday, saying it significantly undervalued the British pub operator. OCADO: Ocado (LON: OCDO ) Zoom, the rapid grocery delivery service owned by British online grocer Ocado Retail, has launched a trial of electric, electric assisted and pedal-powered vehicles as part of a target to become net zero carbon emissions by 2035, it said. FINANCE: The European Union should open up to the City of London financial hub given that Britain's financial rules are identical to those in the bloc, a UK industry body said on Monday. SILVER: Silver dropped more than 2%, retreating from a near eight-year peak it hit in the previous session, as a margin hike by the Chicago Mercantile Exchange prompted investors to lock in profits. OIL: Oil prices rose around 1% after major producers showed they were cutting crude output in line with their commitments on restraint, supporting a market thrown out of kilter by weak demand during the coronavirus pandemic. The UK blue-chip index .FTSE closed 0.9% higher on Monday led by gains in mining stocks as silver became the latest target of a retail investor trading frenzy, while fashion retailer ASOS (LON: ASOS ) gained on a deal to buy rival brands and JD Sports surged following its second acquisition in the United States. UK CORPORATE DIARY:

BP Plc

BP.L

Q4 results Gem Diamonds Ltd

GEMD.L

Trading Statement SSE Plc

SSE.L

Trading Statement Virgin Money (LON: VM ) UK Plc

VMUK.L

Trading Statement

* 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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