UPDATE 1-UK Stocks-Factors to watch on Feb 17

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) Feb 17 - Britain's FTSE 100 index is seen opening lower on Friday, with futures down 0.28%.
* NATWEST: NatWest reported a 33% jump in annual profit for 2022 as the boost from successive Bank of England rate rises outweighed provisions for troubled loans amid Britain's cost of living crisis.
* PURPLEBRICKS: Purplebricks Group Plc said it has started a strategic review as it looks for a turnaround in its fortunes after cutting its annual profit outlook.
* SMITH+NEPHEW: Smith+Nephew named Rupert Soames as its


new chairman designate, succeeding Roberto Quarta who is set to retire this year.


* RETAIL SALES: British retail sales volumes unexpectedly rose by 0.5% in monthly terms in January, official data showed.
* CALEDONIA MINING: Caledonia Mining Corporation reported a


fatality at its Blanket gold mine in Gwanda, Zimbabwe, after a blasting accident.


* GLENCORE: Legal & General filed a lawsuit against Glencore in London's High Court last week over investor losses after the mining and commodities group admitted to multiple bribery offences last year, the Financial Times reported.
* GSK: Lawyers for a man who alleges he developed bladder cancer after taking GSK Plc's heartburn drug Zantac urged a California judge to allow expert testimony linking the drug to the illness at an upcoming trial.
* STRIKES: British railway trade union RMT said members in tens of thousands would take nationwide strike action across the railways on Mar. 16.
* FCA: Britain's markets watchdog acted unlawfully when approving documents that allowed Ithaca Energy Plc to list in London even though it had failed to properly describe climate-related risks, ClientEarth alleged.
* OIL: Oil prices were on track for weekly losses.
* GOLD: Gold prices dipped and were set for a third straight weekly drop.
* 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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