UPDATE 1-UK Stocks-Factors to watch on Feb 23

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) Feb 23(Reuters) - Britain's FTSE 100 index is seen opening higher on Thursday, with futures up 0.16%.
* ANGLO AMERICAN: Anglo American Plc said the development schedule and budget of its Woodsmith project would be extended.
* BAE SYSTEMS: BAE Systems posted a 9.5% rise in annual earnings and forecast more growth this year.
* ROLLS ROYCE: Britain's Rolls-Royce beat expectations with a 57% rise in underlying operating profit to 652 million pounds for 2022.
* DRAX: Drax Group Plc posted annual profit that beat analysts' expectations and increased its dividend for the year.
* WPP: WPP forecast organic growth for 2023 of 3% to 5%, above analyst expectations.
* HAYS: Hays Plc flagged tough conditions in its recruitment of permanent roles and said it was starting the search for a successor to its long-serving chief Alistair Cox.



* HEATHROW AIRPORT: Heathrow Airport reported a smaller annual loss, but said underlying profitability was impacted by inflation and lower passenger numbers.
* REDX: Redx Pharma plc and Jounce Therapeutics Inc will merge to create an entity specialised in small molecule-targeted therapeutics and antibody drug discovery to treat cancer and fibrotic disease.
* SERCO: Serco Group said it won a


contract by the U.S. health department valued at about $690 million to support the government in determining eligibility of citizens buying public heath insurance.


* TESCO: Tesco followed rivals Asda, Morrisons and Aldi in imposing customer purchase limits on salad vegetables after supplies were hit by disrupted harvests in southern Europe and north Africa.


* OIL: Oil edged up as market players reassess positions after the U.S. Federal Reserve stoked worries about the economy by suggesting further rate hikes ahead.
* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Muhammed Husain in Bengaluru)

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