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WKP Workspace News Story

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UK Stocks-Factors to watch on January 14

Jan 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futuresFFIc1 up 0.13%.

* PRUDENTIAL: Prudential PRU.L named Douglas Flint as its new chair, succeeding Shriti Vadera who is stepping down in May.

* RIO TINTO: Rio Tinto RIO.AX, RIO.L has engaged JPMorgan JPM.N and two other advisers on its potential acquisition of Glencore GLEN.L, a source with knowledge of the situation told Reuters.

* BP: Workers at BP's BP.L refinery in Whiting, Indiana, are in contract negotiations with the British oil major, which has proposed changes including job cuts at the 440,000-barrel-per-day facility, the United Steelworkers union said.

* ASTRAZENECA: AstraZeneca AZN.L has agreed to buy Boston-based Modella AI, the companies said.

* WORKSPACE: Boaz Weinstein's Saba Capital, which holds about 13.5% stake in Workspace WKP.L, sent a letter urging the company to pursue a managed wind-down.

* BUSINESS CONFIDENCE: British businesses turned their most pessimistic in three years at the end of 2025, and their mood worsened after finance minister Rachel Reeves' budget at the end of November, a survey showed.

* RAILWAY: Britain committed to a new rail infrastructure programme worth up to 45 billion pounds for the north of England.

* COMMODITIES: Oil prices paused, copper prices rose to a new high, and gold climbed.

* FTSE: The UK's FTSE 100 ended largely unchanged on Tuesday as investors assessed mixed corporate updates and U.S. inflation data.

* UK CORPORATE DIARY:

BPBP.LQ4 trading update
Vistry GroupVTYV.LQ4 trading update
HaysHAYS.LQ2 trading update
PearsonPSON.LTrading update
Liontrust Asset ManagementLIO.LQ3 trading update
NicholsNICL.LFY trading update
* 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 (Compiled by Neeshita Beura in Bengaluru) ((Neeshita.Beura@thomsonreuters.com))

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