UPDATE 2-UK Stocks-Factors to watch on Feb 10

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds new items) Feb 10 (Reuters) - Britain's FTSE 100 index is seen opening lower, with futures down 0.30% on Friday.
* RECESSION: Britain's economy showed zero growth in the final three months of 2022, figures from the Office for National Statistics showed on Friday, meaning it narrowly avoided entering recession.
* SAGA: Britain's Saga said it was in exclusive discussions regarding a potential sale of the underwriting arm of its insurance business to Australian insurance group Open.
* ASOS: ASOS named Sean Glithero as interim finance chief to help drive its turnaround plan, succeeding Katy Mecklenburgh who leaves in May.
* BARCLAYS: Britain's financial regulator is investigating Barclays Plc for suspected failings in its compliance and anti-money laundering systems, the Financial Times said.
* STANDARD CHARTERED: First Abu Dhabi Bank said that it was not evaluating an offer for Britain's Standard Chartered
* NATWEST: NatWest said on it would immediately stop all reserve-based lending for new customers financing oil and gas exploration and extraction, before phasing it out entirely by the end of 2025.
* DELIVEROO: Deliveroo said it would cut around 9% of its workforce, or 350 roles, as it struggles to become profitable in a tougher consumer environment that has caused orders to slow.
* STRIKE: Teachers in Wales postponed strike action planned for next week to consider an improved pay offer, their union said.
* 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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