UK Stocks-Factors to watch on Feb 15

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 15 - Britain's FTSE 100 index is seen opening lower on Wednesday with futures down 0.21%.
* BP: Fertiliser maker CF Industries Holdings Inc said it had signed a deal with BP for 2.2 billion cubic feet of natural gas in 2023 for ammonia production.
* BARCLAYS: Barclays is winding down the majority of its consumer lending operation, The Times newspaper reported.
* WAITROSE: Upmarket British supermarket group Waitrose said it will spend 100 million pounds to cut prices on over 300 own-brand products as it fights to retain customers amid record industry inflation.
* OIL: Oil prices extend losses as a much bigger-than-expected surge in the U.S. crude inventories and expectations of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession.
* GOLD: Gold prices were lower as the dollar firmed after data showing sticky U.S. inflation added to concerns that the Federal Reserve would persist with monetary policy tightening.
* METALS: Copper prices remained supported amid ongoing supply disruptions and demand hopes from top consumer China, but gains were limited due to the likelihood of a firm dollar.
* FTSE: Britain's FTSE 100 closed marginally higher on Tuesday, paring early gains as mixed U.S inflation data did little to soothe concerns about further Fed tightening, while strong gains by Vodafone drove other telecom stocks higher too.
* UK CORPORATE DIARY:


Barclays FY Results Glencore FY Results Hargreaves Lansdown HY Results Dunelm Group HY Results
* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Prerna Bedi in Bengaluru)

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