UPDATE 1-UK Stocks-Factors to watch on Feb 22

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Feb 22
Credit: © Reuters.

(Adds company news items, futures)

Feb 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 34 points lower at 6,590 on Monday, according to financial bookmakers, with futures down 0.88% ahead of cash market open.

* MITCHELLS & BUTLERS: Mitchells & Butlers MAB.L reported a plunge in sales as all its sites have been forced shut under Britain's latest lockdown. G4S (CSE: G4S ): GardaWorld said it would not raise its offer for Britain's G4S Plc GFS.L further. ASTRAZENECA: AstraZeneca AZN.L said it was voluntarily withdrawing an indication of its cancer drug Imfinzi for treatment of advanced bladder cancer in the United States after it failed to meet post-approval requirements. IAG: IAG ICAG.L said it raised total liquidity by 2.45 billion pounds, reaching final agreement for a 2 billion pound loan, and through a deal to defer 450 million pounds of pension deficit contributions. CAIRN ENERGY: Cairn Energy Plc CNE.L said on Sunday it had discussed multiple proposals with Indian government officials in recent days in an attempt to find a "swift solution" to a long drawn-out tax dispute with the South Asian nation. GOLD: Gold prices inched higher with support from a weaker dollar eclipsed pressure from firmer Treasury yields. OIL: Oil prices rose as the slow return of U.S. crude output cut by frigid conditions raised concerns about supply, just as demand recovers from the depths of the COVID-19 pandemic. The UK blue-chip index .FTSE closed 0.1% higher on Friday after the economy showed signs of improvement this month and was set to gain for the third consecutive week as investors bet that vaccine rollouts would spur economic growth. For more on the factors affecting European stocks, please click on: LIVE/

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