UPDATE 1-UK Stocks-Factors to watch on Feb. 2

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Feb. 2
Credit: © Reuters.

(Adds futures and news items)

Feb 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 47 points higher at 6,514 on Tuesday, according to financial bookmakers, with futures .FFIc1 up 0.44% ahead of cash market open.

* BP (LON: BP ): BP's fourth-quarter profit sank to $115 million, missing analysts' forecasts, pummelled by continued weak energy demand due to the coronavirus epidemic and weak trading results. VIRGIN MONEY: Lender Virgin Money (LON: VM ) VMUK.L has set aside a further 726 million pounds to protect its balance sheet from potential loan losses, as it reported a "modest" increase in the number of customers needing additional support after exiting pandemic payment holidays. SSE: SSE Plc SSE.L said it has appointed banks to explore options for the sale of all or some of its stake in Scotia Gas Networks. NOVACYT: Novacyt ALNOV.PA , NCYT.L announced the launch of new products to test for the presence of COVID-19 variants. MOONPIG: Moonpig MOONM.L priced its London initial public offering, valuing the company at around 1.2 billion pounds and paving the way for other e-commerce companies to follow. HOUSE PRICES: British house prices fell in January for the first time in seven months, before the scheduled March 31 end of a tax cut for buyers, mortgage lender Nationwide said. 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 more than 1% after major crude producers showed they were reining in output roughly in line with their commitments. 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. For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS

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