UK Stocks-Factors to watch on Jan.12

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Jan.12
Credit: © Reuters.

Jan 12 - Britain's FTSE 100 .FTSE index is seen opening 1 point higher at 6,800 on Tuesday, according to financial bookmakers.

* MARKS & SPENCER: Marks & Spencer MKS.L has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names. BP: U.S. employee political action committee at BP BP.L is suspending political contributions for six months and will re-evaluate its support criteria, the company said. Deliveroo: Deliveroo said it plans to expand into around 100 new towns and cities across the UK in 2021 as it seeks to capitalise on its popularity during the COVID-19 pandemic. ECONOMY: British consumer spending fell in December at the fastest rate in six months, with pubs and restaurants hard hit by a resurgence of COVID-19 cases, a survey showed. BANKS: EU banks' branches in London should see no major change in how they are supervised following Britain's formal departure from the bloc last month, the Bank of England's supervisory arm said on Monday. SUPERMARKETS: British retailers called on the police to help enforce the wearing of masks to limit the spread of COVID-19. GOLD: Gold ticked higher as stocks slipped on political turmoil in Washington and the slow pace of COVID-19 vaccinations worldwide. OIL: Oil prices slipped as investors remained concerned about climbing coronavirus cases globally. The UK blue-chip index .FTSE closed 1.1% lower on Monday as rising COVID-19 cases across Europe stoked worries about its near-term economic impact. UK CORPORATE DIARY:

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