UK Stocks-Factors to watch on January 22
22/01/2026 05:04
Jan 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.76%. * SHELL: Shell SHEL.L has failed to make a commercial discovery in its Falcao-1 exploration well on Block 10 offshore Sao Tome and Principe, the company said. * BAE SYSTEMS: Britain handed BAE Systems BAES.L and Leonardo LDOF.MI a 453 million pound contract to upgrade radar systems on Typhoon fighter jets. * ANTOFAGASTA: The U.S. House of Representatives voted to overturn former President Joe Biden's mining ban in northern Minnesota, giving a boost to Antofagasta's ANTO.L Twin Metals copper, cobalt and nickel project. * OIL: Oil prices edged up after U.S. President Donald Trump ratcheted down tension with Europe over his demand for Greenland, while disruptions in supply from two large fields in Kazakhstan and a better demand outlook for 2026 lent support. * METALS: Copper prices were range-bound after inventories in U.S. Comex-approved warehouses rose above 500,000 metric tons for the first time amid lingering tariff concerns. * GOLD: Gold fell as geopolitical tensions and safe-haven demand eased after U.S. President Donald Trump backed down from new tariff threats and proposals to annex Greenland by force. * FTSE: London's FTSE 100 closed higher on Wednesday, recovering from losses earlier in the day as investors took heart from U.S. President Donald Trump ruling out military action to take control of Greenland. * UK CORPORATE DIARY:
| Associated British Foods | ABF.L | Q1 trading update |
| B&M | BMEB.L | Q3 trading update |
| Harbour Energy | HBR.L | Trading & operations update |
| Wickes Group | WIX.L | Q4 trading update |
| Young & Co's Brewery | YNGa.L | Trading update |
| Auction Technology | ATG.L | AGM trading update |