Update 1-UK Stocks - Factors to watch on Feb 7

Savannah Resources

07/02/2025 07:48

(Adds new items, updates futures)
       Feb 7 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Friday, with futures  FFIc1  down 0.29%.
    
    *ASHMORE: Ashmore  ASHM.L  posted a 33% drop in half-yearly
pre-tax profit on Friday, pressured by lower managed funds as
appetite for risk assets waned in its key markets.
    *LEGAL & GENERAL: Legal & General  LGEN.L  said on Friday it
would sell its U.S. protection business to Japan's Meiji Yasuda
for $2.3 billion in cash.
    *HOUSE PRICES: British house prices rose by more than
expected in January, according to figures published by mortgage
lender Halifax on Friday.
    *SERCO GROUP: Serco Group  SRP.L  said on Thursday it has
been selected by the UK Ministry of Defence for a 1 billion
pound ($1.24 billion) contract to provide recruitment services.
    *BoE: The Bank of England cut interest rates by a
quarter-point and some policymakers wanted a bigger move to
offset a slowdown.
    *SAVANNAH RESOURCES: Savannah Resources  SAVS.L  has
suspended prospecting works at some sites of its lithium project
in northern Portugal due to a precautionary injunction filed in
a court by some landowners.
    *OIL: Oil prices rose marginally in early Asian trade on
Friday but were on track for a third straight week of decline.
    *METALS: Base metals rose on Friday, with London copper set
for its best week in more than four months.
    *GOLD: Gold prices rose on Friday, hovering near record-high
levels and set for a sixth successive weekly gain.

        
  
    * For more on the factors affecting European stocks, please
click on:  LIVE/     
    TODAY'S UK PAPERS
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    > Other business headlines              PRESS/GB 

 (Reporting by Raechel Thankam Job)
 ((RaechelThankam.Job@thomsonreuters.com;))