UK Stocks-Factors to watch on March 1

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 1 - Britain's FTSE 100 index is seen opening higher on Wednesday with futures up 0.18%.
* HSBC: HSBC Holdings said it raised $2 billion from a convertible security issue.
* GLENCORE: A U.S. judge ordered Glencore Plc to pay $700 million in connection with its guilty plea over a decade-long scheme to bribe foreign officials across several countries.
* M&S: Marks & Spencer will raise hourly pay for over 40,000 store workers by 7% from April, a third rise in just over two years.
* DAR GLOBAL: Shares of property developer Dar Global rose in a sluggish market debut on Tuesday, making this London's first significant float since Ithaca Energy's IPO late last year.
* STRIKE: Workers on the London Underground will take strike action on March 15, the RMT union said.
* UK RETAILERS: Inflation in major British store chains hit a new record in the 12 months to February, the British Retail Consortium said.
* OIL: Oil prices rose for a second day as reports of expanding manufacturing activity in China boosted the outlook for global fuel demand.
* GOLD: Gold edged up for a third session as the dollar pulled back, although fears of more U.S. interest rate hikes amid stubbornly high inflation kept a lid on prices.
* FTSE: The UK's FTSE 100 index fell on Tuesday, dented by online grocery retailer Ocado and consumer care firm Croda International on weak earnings, but managed to record its best February performance in four years.


* UK CORPORATE DIARY:


Reckitt Benckiser FY Results Aston Martin FY Results Rathbones Group FY Results Persimmon FY Results Capital & Counties Properties FY Results Weir 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)

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