UK Stocks-Factors to watch on Feb 29

Capital & Regional

29/02/2024 04:55

Feb 29 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Thursday, with futures  FFIc1  up 0.2%. 
    
    * SHELL: Shell's  SHEL.L  U.S. solar business Savion has put
around a quarter of its assets up for sale, according to a
marketing document and industry sources, as the oil major
extends a retreat from owning renewables projects under CEO Wael
Sawan.
    * CAR OUTPUT: Britain's car production jumped 21% over the
year earlier in January, marking the fifth straight month of
growth, helped by firm demand and easing supply chain issues,
industry data showed.
    * ANGLO AMERICAN: Anglo American PLC  AAL.L  has taken
delivery of its tenth and final dual-fuelled bulk carrier
powered by liquefied natural gas (LNG), the company said.   
    * OIL: Oil prices extended declines after a
larger-than-expected build in U.S. crude stockpiles stoked
worries about slow demand, while signs that U.S. interest rates
could remain elevated added to pressure.
    * METALS: Nickel prices advanced and were on track for the
first monthly rise since July last year on worries about supply
in Indonesia and Russia.
    * EX-DIVS: Diageo  DGE.L  and Barclays  BARC.L  will trade
without entitlement to its latest dividend pay-out on Thursday.
    * FTSE: The UK's main FTSE index closed down on Wednesday as
earnings updates from Reckitt and St. James's Place disappointed
investors, while caution loomed ahead of key inflation figures
from the U.S. and Europe this week.
    
    * UK CORPORATE DIARY:   
         LSEG             LSEG.L      FY results
      Ocado Group         OCDO.L      FY results
        Haleon            HLN.L       FY results
          IAG             ICAG.L      FY results
       Man Group          EMG.L       FY results
      Drax Group          DRX.L       FY results
       Schroders          SDR.L       FY results
    Howden Joinery        HWDN.L      FY results
      Weir Group          WEIR.L      FY results
       Hammerson          HMSO.L      FY results
        Hunting           HTG.L       FY results
         Serco            SRP.L       FY results
  Shaftesbury Capital     SHCS.L      FY results
  Capital & Regional      CAL.L       FY results
        
  
    * 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 Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))