UPDATE 1-UK Stocks-Factors to watch on Jan 26

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Jan 26
Credit: © Reuters.

(Adds futures, news items)

Jan 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 8 points higher at 6,647 on Tuesday, according to financial bookmakers, with futures .FFIc1 up 0.07% ahead of cash market open.

* ROLLS-ROYCE: Rolls-Royce RR.L downgraded expectations for how much its engines would fly this year and warned of a big cash outflow due to travel restrictions under the COVID-19 pandemic. SAGA: Saga SAGA.L reported total cruise bookings of 140 million pounds ($190.54 million), as it prepares to restart sailing in May after more than a year of suspension due to the COVID-19 crisis. PZ CUSSONS: PZ Cussons PZC.L reported higher first-half adjusted pretax profit from a pandemic-led demand for handwash and sanitisers. JD SPORTS: JD Sports Fashion Plc JD.L confirmed it was exploring additional funding options which may involve a non-equity placing, as it looks to increase its flexibility to invest in future strategic opportunities. MOONPIG: Moonpig Group plans to raise up to 422 million pounds from an initial public offering its bookrunner said, in a deal that would value it at as much as 1.2 billion pounds. DP EURASIA: DP Eurasia DPEU.L , said its overall sales in 2020 rose by 14.6% as COVID-19 boosted shift to home delivery. AG BARR: A.G. Barr BAG.L said it expects annual pretax profit to be ahead of market estimates. REFINITIV: Refinitiv CEO David Craig said the COVID-19 pandemic had shown how fragile and complacent the world was so leaders should challenge their thinking in a volatile world. UNEMPLOYMENT: Britain's unemployment rate rose to 5.0%, in the three months to Nov as the COVID-19 pandemic continued to take its toll on the economy. GOLD: Gold inched higher as expectations that a large U.S. stimulus package would be passed eventually boosted the metal's appeal as a hedge against inflation. OIL: Oil prices fell as fading hopes for a rapid approval of new U.S. economic stimulus and mounting new coronavirus cases raised questions over the pace of any recovery in demand. The UK blue-chip index .FTSE closed 0.8% lower on Monday with travel stocks leading the declines, as rising coronavirus infections and extended lockdowns raised worries of prolonged economic pain, while fashion retailers Boohoo and ASOS (LON: ASOS ) gained on merger deals. For more on the factors affecting European stocks, please click on: LIVE/


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($1 = 0.7348 pounds)

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