UPDATE 1-UK Stocks-Factors to watch on Feb 3

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds new items; updates futures) Britain's FTSE 100 index is seen opening flat with futures down 0.06% on Friday
* OFGEM: The British energy regulator said it extended two temporary measures, introduced last year in response to a massive surge in gas and electricity prices, by another year to March 2024.
* BT: Britain's telecoms regulator said it was not minded to stop BT introducing a new wholesale fibre offer for broadband providers like Sky and TalkTalk to move customer from slow copper to ultrafast fibre connections.
* BOE: Bank of England Chief Economist Huw Pill said on Friday it was important


not to raise interest rates too high , noting they had already increased by a large amount and the full effects of that had yet to register on the economy.


* SHELL: Shell's new Chief Executive Wael Sawan said renewables projects need to bring a return on investment in double digits for Shell to lure spending.
* NATWEST: NatWest CEO Alison Rose will face grilling by British lawmakers next Tuesday over whether lenders are passing on enough of central bank interest rate rises to consumers.
* JD SPORTS: British-based JD Sports will spend up to 3 billion pounds($3.7 billion) to open as many as 1,750 stores over the next five years, said new CEO Régis Schultz.
* The UK's main stock indexes rose on Thursday after the Bank of England (BoE) said


inflation had probably peaked and forecast a shallower recession in 2023 after raising interest rates in line with expectations.


* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Sruthi Narasimha Chari in Bengaluru)

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