UK Stocks-Factors to watch on Feb 27 (updated)

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27/02/2024 07:54

(Adds new items, updates futures)
       Feb 27 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Tuesday, with futures  FFIc1  down 0.16%. 
    
  
    * CRODA INTERNATIONAL: British chemicals supplier Croda
International  CRDA.L  forecast lower 2024 profits, hit by
persistently weak volumes at its Crop Protection and Industrial
Specialities units and higher costs compared to year-ago levels.
    * SMITH + NEPHEW: British medical equipment maker
Smith+Nephew  SN.L  forecast an improvement in profit margin
this year after beating market expectations for 2023 earnings.  
 
    * ABRDN: British asset manager abrdn  ABDN.L  reported a dip
in full-year operating profit for 2023.
    * MCBRIDE: British cleaning products maker McBride  MCB.L  
raised its annual profit expectations but warned that
geopolitical unrest could create further inflationary and supply
chain risks.
        * SHOP PRICES: Prices in British shops rose at the
slowest pace in nearly two years this month, the British Retail
Consortium said, adding to signs of easing inflation pressures
that will be welcomed by the Bank of England.
    * STANDARD CHARTERED: Standard Chartered  STAN.L  has
suspended new subscriptions by its clients in China into
offshore products via a quota-based channel since last week, the
bank said in a statement to Reuters.
    * HIKMA: Merck  MRK.N  has received a letter that Hikma
Pharmaceuticals'  HIK.L  U.S. unit has sought a pre-patent
expiry approval from the U.S. FDA to sell a generic version of
its Bridion injection, the drugmaker said in filing.
    * ASTRAZENECA: FibroGen Inc  FGEN.O  said it is regaining
rights to the anemia drug, roxadustat, from AstraZeneca  AZN.L  
in the United States and certain other territories. 
    * OIL: Oil prices mostly held onto gains made a day earlier.
        * GOLD: Gold prices 
    edged up
     as the dollar softened.
  
        
  
    * 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 and Zainab Saifuddin Saifee in
Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))