UK Stocks-Factors to watch on March 1 (updated)
01/03/2024 07:49
(Adds new items, updates futures)
March 1 - Britain's FTSE 100 .FTSE index is seen
opening higher on Friday, with futures FFIc1 up 0.60%.
* SHELL: Global energy majors Exxon Mobil XOM.N and Shell
SHEL.L will work with Singapore to develop a cross-border
carbon capture and storage project, both companies said.
* HOUSE PRICES: British house prices in February
rose
in annual terms for the first time in more than a year,
mortgage lender Nationwide Building Society said.
* WINCANTON: British logistics firm Wincanton WIN.L
withdrew its support for CEVA's proposed deal, in favour of GXO
Logistics' GXO.N higher offer which valued the company at
about 762 million pounds.
* ITV: British broadcaster ITV ITV.L has sold its entire
50% stake in streaming service BritBox International to its
joint venture partner BBC Studios for 255 million pounds, it
said.
* RIGHTMOVE: Britain's Rightmove RMV.L forecast a
7%-9% revenue growth for the current financial year after it
reported a rise in 2023 profit, in line with market view.
* PEARSON: British education company Pearson PSON.L met
market expectations by reporting 2023 operating profit of 573
million pounds, up 31% on an underlying basis.
* HSBC: JPMorgan Chase JPM.N has selected HSBC HSBA.L
and Standard Chartered STAN.L to operate its custody
businesses in Hong Kong and Taiwan, a spokesperson for the U.S.
bank said.
* ASSETS MANAGERS: Britain's code of good practice for asset
managers will undergo a root-and-branch review to aid economic
growth and international competitiveness, its compiler said on
Tuesday.
* OIL: Oil prices edged up and were set to end the week
modestly higher.
* METALS: Nickel prices in London
started
March lower as gloomy manufacturing data from China weighed
on sentiment.
* 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
($1 = 0.7919 pounds)
(Reporting by Prerna Bedi and Zainab Saifuddin Saifee in
Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))