UK Stocks-Factors to watch on February 25 (updated)
25/02/2025 07:53
(Adds new items, updates futures)
Feb 25 - Britain's FTSE 100 .FTSE index is seen lower
on Tuesday, with futures FFIc1 down 0.17%.
* UNILIVER: Unilever ULVR.L said Hein Schumacher will step
down as CEO and be replaced by finance chief Fernando Fernandez.
* OFGEM: Millions of Britons will pay higher energy costs
from April after regulator Ofgem said its domestic price cap
would rise 6.4% due to soaring wholesale energy prices.
* GATWICK: Commitments made by Britain's Gatwick Airport
over a price cap it charges airlines and improving service
targets for the next four years are set to be accepted by the
Civil Aviation Authority.
* ON THE BEACH: British holiday package provider On The
Beach Group OTB.L said bookings for the summer season would be
significantly ahead of last year, and its annual adjusted pretax
profit would be in line with market expectations.
* SMITH+NEPHEW: Smith+Nephew SN.L beat analysts'
expectations for annual sales and profit on Tuesday, as a
recovery in its U.S. knee and hip implant business, along with
cost cuts, helped the medical products maker offset the impact
of weak demand from China.
* CMC MARKETS: British trading platform CMC Markets CMCX.L
said that CFO Albert Soleiman will step down with immediate
effect.
* HSBC: HSBC 0005.HK , HSBA.L plans to issue an aggregate
principal amount of $1.50 billion in perpetual subordinated
convertible securities, the lender said in a filing.
* OIL: Oil prices rose for a second day as fresh U.S.
sanctions imposed on Middle Eastern producer Iran increased
concerns supply might tighten and as global refining margins
remained strong.
* METALS: London copper edged lower, pressured by a stronger
dollar and concerns over metal demand after U.S. President
Donald Trump reiterated his tariff plans.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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(Compiled by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com; +919920570373;))