UK Stocks-Factors to watch on Feb 27

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 27(Reuters) - Britain's FTSE 100 index is seen opening higher with futures up 0.37% on Monday.
* BP: China's Yulong Petrochemical has agreed to two-year crude oil supply deals with BP and Chevron to supply its 400,000 barrel-per-day greenfield refinery in northern China from next year.
* THAMES WATER: British utility Thames Water plans to invest 1.6 billion pounds ($1.91 billion) in the next two years to cut discharges into rivers and tackle pollution, after UK water firms faced a backlash over sewage outflows into waterways.
*TRADE DEAL: British Prime Minister Rishi Sunak said he was "giving it everything" to strike a new post-Brexit deal with the European Union on Northern Ireland's trade arrangements, calling it vital to ensuring a return to power-sharing in the province.
* SUPERMARKETS: British supermarkets are not only short of produce because of weather-related supply issues - they are also choosing not to pay higher prices for fruit and vegetables, some suppliers and independent grocers told Reuters.
* OIL: Oil prices inched lower in volatile trade, as a stronger dollar and fears of recession risks offset gains arising from Russia's plans to deepen oil supply cuts.
* METALS: London copper prices were stuck in a tight range, as investors weighed a firmer dollar and demand uncertainty in top consumer China against global supply concerns.
* UK stocks ended lower on Friday after hotter-than-expected U.S. inflation data sparked concerns about the Federal Reserve raising interest rates further, while shares of Cineworld plummeted as it failed to find a buyer.


* UK CORPORATE DIARY:
Dechra Pharma HY Results Senior Plc FY Results Bunzl FY Results




* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines ($1 = 0.8377 pounds) (Reporting by Anchal Rana in Bengaluru)

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