UK Stocks-Factors to watch on Dec 20 (updated)

ADVFN

20/12/2022 07:57

(Adds news stories, updates futures  move)
       Dec 20 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Tuesday, with futures  .FFIc1  down 0.60%.
    * SAVANNAH ENERGY: Africa-focused oil and gas producer
Savannah Energy  SAVES.L  raised its 2022 revenue forecast for
its Nigerian and Nigerien assets on Tuesday, helped by higher
production.
        * RYANAIR: Ryanair  RYA.I  on 
    Tuesday
     said it had agreed a four-year pay deal with its Irish
pilot union that includes an immediate restoration of COVID-19
pay cuts.
  
    * PETROFAC: Oilfield services provider Petrofac Ltd
 PFC.L said it could post an operating loss of about $100
million for the year due to challenges in recovering costs in
its engineering and construction (E&C) division.
    * TSB Bank: British lender TSB has been fined 48.65 million
pounds ($59.1 million) over a botched IT platform migration in
2018, UK regulators said on Tuesday.
        * CMA: UK's competition regulator will refer Australian
hearing device maker Cochlear's  COH.AX  acquisition of
Copenhagen-based Demant's  DEMANT.CO  hearing implants business
Oticon Medical for an 
    in-depth investigation
    .
  
        * ADVFN Plc: Global stocks and crypto information
website ADVFN Plc  AFN.L  said it 
    extended the closing date
     of an open offer and postponed its annual general meeting
(AGM) amid ongoing strikes in the UK, including by postal firms.
  
    * ALCOHOL TAXES: Britain's government said on Monday it
would freeze taxes on alcohol until August, reversing a decision
taken only two months ago by finance minister Jeremy Hunt and
partially reinstating a tax cut put forward by his predecessor.
    * CAPRICORN ENERGY: Capricorn Energy's  CNE.L  third-biggest
shareholder, Palliser, called for a general meeting to set a
vote on removing seven Capricorn directors from supervisory
roles including the CEO, a plan Capricorn rejects.
    * UK's FTSE 100 closed higher on Monday, lifted by energy
and miner stocks on steps taken by China to support its economy
following a surge in COVID-19 infections in the Asian country
    * For more on the factors affecting European stocks, please
click on:  LIVE/     
    TODAY'S UK PAPERS
    > Financial Times                       PRESS/FT 
    > Other business headlines              PRESS/GB 
 (Reporting by Sinchita Mitra in Bengaluru)
 ((Sinchita.Mitra@thomsonreuters.com;))