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

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

(Adds futures and news items)

Feb 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening nine points higher at 6,417 on Monday, according to financial bookmakers, with futures .FFIc1 up 0.59% ahead of cash market open.

* HARGREAVES LANSDOWN: Hargreaves Lansdown HRGV.L raised its dividend and posted a 10% jump in profit for the first half, as it brought in a record number of new clients on the back of a market recovery post the coronavirus selloff. ASOS: ASOS ASOS.L has bought the Topshop, Topman, Miss Selfridge and HIIT brands from the administrators of Philip Green's collapsed Arcadia group for 265 million pounds ($364 million), the British online fashion retailer said. RYANAIR: Ryanair RYA.I said it may lose close to 1 billion euros in its current financial year, but Europe's largest low-cost carrier said the crisis would create significant growth opportunities. CENTRICA: The GMB union said engineers and other staff at Centrica 's CNA.L British Gas will go on strike on Feb. 5 to Feb. 8 in a dispute over proposed changes to work conditions. 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. TRADE: In just one month of post-Brexit trading, British logistics expert Jon Swallow has seen exports dive, prices rise and customers so desperate that he is practically offering a counselling service. 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 rose after a weak start, adding to the gains of the last three months, although patchy coronavirus vaccine rollouts, new infections and the discovery of new variants are casting a shadow over the outlook for demand. 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. For more on the factors affecting European stocks, please click on: LIVE/


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