UK Stocks-Factors to watch on Feb. 20 (updated)

Superdry

20/02/2024 08:01

(Adds news items, updates futures)
       Feb 20 - Britain's FTSE 100  .FTSE  index is seen
opening lower on Tuesday, with futures  FFIc1  down 0.1%. 
    
    * Barclays:  BARC.L  reported a 6% fall in annual profit, in
line with expectations, as Chief Executive C.S. Venkatakrishnan
set out a welter of plans, including bumper buybacks, an
overhaul of its operations, cost cuts and asset sales to improve
performance and lift shares.
    * IHG: Holiday Inn owner IHG  IHG.L  said it expected to
return more than $1 billion to shareholders in 2024, after
posting better-than-expected annual room revenue and adjusted
operating profit that exceeded $1 billion for the first time.
        * PLUS500: Online trading platform  PLUSP.L  announced
shareholder payout worth $175 mln, comprising a share buyback
and dividends, even as it posted a fall in annual profit hurt by
lower trading volumes.
        *  Antofagasta: Chilean miner Antofagasta  ANTO.L 
reported a rise of 5% in 2023 profit as copper production and
prices increased, offsetting higher costs.
        * CMA: Britain's antitrust regulator said it would 
    scrutinise
     the country's infant formula market after prices soared by
25% over the last two years.
  
    * SUPERDRY: U.S. asset manager Davidson Kempner, owner of
Oak Furnitureland, is in discussions with Superdry  SDRY.L 
co-founder Julian Dunkerton about backing an offer for the
company, Sky News reported on Monday, without citing a source.
    * GOLD: Gold prices were steady despite a stronger dollar
and elevated Treasury yields, as investors awaited the minutes
of the last U.S. Federal Reserve policy meeting for more clues
on the timing of interest rate cuts.
    * OIL: Oil prices were broadly steady, hovering close to
three-week highs on heightened Middle East tensions and
recovering China demand.
        
  
    * For more on the factors affecting European stocks, please
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    TODAY'S UK PAPERS
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 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))