UK Stocks-Factors to watch on Feb 28

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 28 (Reuters) - Britain's FTSE 100 index is seen opening flat on Tuesday, with futures unchanged.

* BAE SYSTEMS: BAE Systems Australia, a wholly owned subsidiary of BAE Systems and another local manufacturer unveiled a new uncrewed military aircraft that will be designed, manufactured and armed in Australia.
* HSBC: HSBC Holdings is aiming to raise up to $1.5 billion in a perpetual additional tier 1 bond, according to a source with direct knowledge of the matter.
* NORTHERN IRELAND: Northern Irish business groups welcomed the certainty a new EU-UK deal on post-Brexit trade rules for the region provided for impacted businesses and urged politicians to do likewise and restore the local power-sharing government.
* JOHN LEWIS: Pippa Wicks, executive director of British department store chain John Lewis, has left the business, the John Lewis Partnership said.
* OIL: Oil prices were steady in Asian trade supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes.
* GOLD: Gold prices eased and were headed for their biggest monthly loss since June 2021 as impending interest rate hikes by the U.S. Federal Reserve sapped the non-yielding asset's appeal.
* FTSE: The UK's FTSE 100 snapped a four-day losing streak on Monday as euphoria around upbeat earnings reports from Associated British Foods and Bunzl helped offset worries about high U.S. interest rates.


* UK CORPORATE DIARY:


Ocado Group FY Results Travis Perkins FY Results St. James Place FY Results Unite Group FY Results Man Group FY Results XP Power FY Results McBride Plc FY Results Derwent London FY Results Croda International FY Results Intertek Group FY Results


* 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)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.