UK Stocks-Factors to watch on Jan. 29 (updated)
29/01/2024 07:38
(Updates futures, adds news items)
Jan 29 - Britain's FTSE 100 .FTSE index is seen
opening down on Monday, with futures FFIc1 down 0.09%.
* SHELL: Shell's exit from Nigeria's onshore oil sector
highlights risks oil majors face in Africa's biggest exporter
but has raised hopes that local firms could reverse the output
decline from the Niger Delta, industry officials and analysts
said.
* SUPERDRY: Struggling British fashion retailer Superdry
SDRY.L said on Monday it is
working
with advisers to explore the feasibility of various
cost-saving options, as it grapples with weak demand and a cash
crunch.
* INFLATION: The British public's
expectations
for inflation, especially in the short term, have fallen,
according to a survey that will feed into this week's debate at
the Bank of England about whether to signal a move towards
cutting interest rates.
* BARCLAYS: Texas Attorney General Ken Paxton on Friday said
Barclays BARC.L bank would not be permitted to underwrite
municipal bonds after failing to respond to questions from state
authorities about its pledges to cut greenhouse gas emissions.
* TELEGRAPH: Britain ordered a new probe into an Abu
Dhabi-backed plan to buy the influential Telegraph newspaper on
Friday.
* JOHN LEWIS: John Lewis Partnership, the owner of John
Lewis and Waitrose, is considering cutting up to 11,000 staff
jobs in the next five years, the Guardian reported on Saturday.
* OIL: Oil prices climbed as tensions escalate in Middle
East.
* METALS: Copper prices slid on Monday.
* FTSE: Britain's FTSE 100 on Friday clocked in the biggest
percentage gain since last October.
* 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 Hani Kollathodi and Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))