UPDATE 1-UK Stocks-Factors to watch on Feb 27

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news, Updates Futures) Feb 27(Reuters) - Britain's FTSE 100 index is seen opening higher with futures up 0.32% on Monday.
* Capricorn Energy: Capricorn Energy Plc has appointed Clare Mawdsley, previously a director of finance, as its acting chief financial officer, replacing James Smith, the oil and gas producer said.
* ABF: Primark owner Associated British Foods raised its financial guidance for the full year 2022-23 after a strong first-half performance from the clothing retailer.
* Bunzl: British business supplies distributor Bunzl Plc posted a higher annual profit, aided by strong demand for its low-priced products amid inflationary concerns, and acquisitions made last year.


* 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.
* SURVEY: More than 60% of British businesses are optimistic about the country's economic growth in the medium term and their own revenues in the next few years, a survey showed, challenging some of the gloomy forecasts for the UK economy.
* OIL: Oil prices fell in volatile trade, as a stronger dollar and recession risks offset gains arising from Russia's plans to deepen oil supply cuts.
* GOLD: Gold prices slipped to a two-month low, after strong U.S. economic data stoked fears that the Federal Reserve would deliver more interest rate hikes to bring down inflation.


* 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; Editing by Dhanya Ann Thoppil)

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