UPDATE 1-UK Stocks-Factors to watch on March 1

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) March 1 - Britain's FTSE 100 index is seen opening higher on Wednesday, with futures up 0.3%.
* ASTON MARTIN: Aston Martin said it expected to improve its profitability this year and turn positive free cash flow in the second half, after 2022 losses came in better than market expectations.
* RECKITT BENCKISER: Britain's Reckitt Benckiser , maker of Dettol and Lysol cleaning products, marginally beat full-year like-for-like net revenue expectations, helped by its nutrition and health businesses.
* PERSIMMON: British homebuilder Persimmon Plc warned of lower profit for 2023 and cut its annual dividend by 75%, after flagging a further slowdown in demand for new homes.
* HOUSE PRICES: British house prices last month dropped in annual terms for the first time since June 2020, falling by 1.1% compared with February 2022, mortgage lender Nationwide said.
* 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.


* 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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