UPDATE 1-UK Stocks-Factors to watch on Feb 28

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) Feb 28 (Reuters) - Britain's FTSE 100 index is seen opening lower on Tuesday, with futures down 0.09%.

* OCADO: Ocado Group reported a worse-than-expected full-year loss, partly reflecting profits being wiped out at its retail joint venture with Marks & Spencer .
* ABRDN: abrdn fell to a full-year pretax loss and reported a slide in client funds for 2022.
* ST JAMES: St James's Place reported a rise in full-year profit, helped by strong new business flows as clients looked to protect themselves against runaway inflation and geopolitical risks.
* MAN GROUP: Man Group posted a 4% fall in assets under management, although beat expectations for AUM growth in the final three months of 2022.
* TRAVIS PERKINS: Travis Perkins posted a 16% fall in annual profits, hurt by lower property profits and a restructuring charge.


* CRODA: Croda International Plc reported higher annual profit, buoyed by robust performance at its healthcare and consumer care units.
* WORKSPACE: Workspace Group Plc named Duncan Owen as its next chair.
* BAE SYSTEMS: BAE Systems Australia, unit 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.


* 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.