UPDATE 1-UK Stocks-Factors to watch on March 9

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on March 9
Credit: © Reuters.

(Adds futures, news items)

March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening open 7 points lower at 6,713 on Tuesday, according to financial bookmakers, with futures .FFIc1 down 0.40% ahead of the cash market open.

* ITV: ITV ITV.L reported a 21% drop in full-year adjusted earnings, beating analyst expectations after advertising demand rebounded at the end of the year. CAIRN ENERGY: Cairn Energy CNE.L said it has agreed to sell its interests in the UK Catcher and Kraken oil fields in the North Sea to Waldorf Production Ltd for $460 million in cash. TP ICAP (LON: NXGN ): TP ICAP TCAPI.L halved its dividend citing a one-off reduction, and said first-quarter revenue might be lower compared to 2020. STANDARD LIFE ABERDEEN: Standard Life Aberdeen SLA.L said its adjusted full-year profits fell 16.6% to 487 million pounds as it reconfigures its global operations. SHELL: Shell Egypt RDSa.L said it entered into an agreement to sell upstream assets in Egypt's Western Desert to Cheiron Petroleum Corporation and Cairn Energy Plc CNE.L for up to $926 million. M&G: M&G MNG.L reported a 31% fall in 2020 operating profit to 788 million pounds in its first full year as a standalone company. WH SMITH: WH Smith SMWH.L said its performance was better than expected since January and that it had extended the maturity of its two existing term loans. IWG: IWG IWG.L signalled that it will shut more underperforming centres as the market recovery from the COVID-19 pandemic was taking longer than anticipated. VODAFONE: Vodafone Group VOD.L said it would seek to raise up to 2.8 billion euros in proceeds by floating infrastructure unit Vantage Towers in Europe's largest initial public offering of 2021. ROLLS-ROYCE: Norway's NSM security agency may block a planned 150 million euro sale by Rolls-Royce RR.L of its Bergen Engines unit to a company controlled by Russia's TMH Group, the justice ministry said in a statement. BP: BP plc BP.L has stopped importing oil for its refinery in Western Australia, the country's largest, and is on track to decommission the plant by the end of March, a spokesman said. UNILEVER: Unilever ULVR.L will remove the word "normal" from its beauty and personal care products, as well as stop digital alterations of body shapes and skin colour of models used in its advertising in a push to be more inclusive. ECONOMY: British consumers cut back heavily on spending as they spent a second month in a COVID-19 lockdown in February but confidence in the economy hit a 12-month high, payment card firm Barclaycard said. GOLD: Gold prices rose as a pullback in U.S. Treasury yields added some lustre to the metal after it hit a nine-month low in the previous session. OIL: Oil prices fell on receding fears of a supply disruption in Saudi Arabia. [nL1N2L706J

* The UK blue-chip index .FTSE closed 1.3% higher on Monday, led by gains in banks and mining stocks. For more on the factors affecting European stocks, please click on: LIVE/


> Financial Times


> Other business headlines


Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or


Related Articles