UPDATE 1-UK Stocks-Factors to watch on Feb 21

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) Feb 21 (Reuters) - Britain's FTSE 100 index is seen opening lower on Tuesday, with futures down 0.18%.
* ANTOFAGASTA: Chilean miner Antofagasta reported a 39% fall in full-year profit as high input costs, reduced copper grades, and a drought in Chile hit its copper production.
* IHG: Holiday Inn-owner IHG Plc reported higher full-year profit, helped by strong occupancy demand during the holidays and higher room prices, and said it would buyback shares to return an additional $750 million in 2023.
* BUDGET: Britain's government ran an unexpected budget surplus of 5.4 billion pounds in January, reflecting strong income tax receipts, figures from the Office for National Statistics showed.
* HSBC: HSBC Holdings reported a 92% surge in quarterly profit on Tuesday.
* NATWEST: The British government on Monday launched its new energy efficiency taskforce and named NatWest boss Alison Rose as its co-chair to reduce the country's energy consumption and cut household bills.


* ASDA: British supermarket group Asda said on Monday retail director Ken Towle is leaving the business less than ten months after starting the job.
* UK STRIKES: Tens of thousands of junior doctors in England have voted for strike action next month, their trade union said on Monday.
* ECONOMY: Britain's government is unlikely to be able to tempt back to work people who retired early during the COVID-19 pandemic, a think-tank said.
* OIL: Brent oil prices fell reversing the previous day's gains, as fears that a global economic slowdown, and drop in fuel demand, amid aggressive interest rate hikes by the U.S. central bank prompted investors to take profit.
* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Muhammed Husain and Prerna Bedi in Bengaluru)

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