UK Stocks - Factors to watch on March 12 (updated)
12/03/2024 07:53
(Adds new items, updates futures)
March 12 - Britain's FTSE 100 .FTSE index is seen
opening higher on Tuesday, with futures FFIc1 up 0.9%.
* CMA: Britain's antitrust watchdog proposed to start a
formal market investigation into the veterinary sector after an
initial review raised multiple concerns.
* PERSIMMON: British homebuilder Persimmon PSN.L
warned of subdued market conditions throughout this year,
despite a relatively good start to 2024, after it reported an
about 52% slump in annual profit, missing the market view.
* TP ICAP: Broker TP ICAP TCAPI.L said that it is
exploring options for its data unit Parameta, which include the
potential listing of a minority stake in the business while
retaining ownership
* DOMINO'S: Britain's Domino's Pizza Group DOM.L
reported a marginal rise in its 2023 profit, and also forecast
profit for the current year to be in line with expectations.
* INFLATION: Britain has a long way to go for inflation
pressures to be consistent with the Bank of England's 2% target,
one of the central bank's policymakers, Catherine Mann, said.
* BAT: British American Tobacco BATS.L is evaluating a
possible disposal of a "small part" of its shareholding in
India's ITC ITC.NS , it said.
* SUPERDRY: Superdry SDRY.L confirmed that it was in talks
with lender Hilco to provide additional liquidity, as the
struggling British fashion retailer looks to navigate weak
demand.
* OIL: Oil prices rose in Tuesday trade as geopolitical
tensions in the Middle East continued to spur concern, but gains
were limited on bearish demand sentiments and as the market
waited for monthly reports from oil agencies.
* GOLD: Gold prices slipped from near record-high levels on
Tuesday.
* METALS: Prices of most base metals prices in London
retreated.
* 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 Radhika Anilkumar and DhanushVignesh Babu in
Bengaluru)
((Radhika.Anilkumar@thomsonreuters.com;))