UPDATE 1-UK Stocks-Factors to watch on March 6

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) March 6 - Britain's FTSE 100 index is expected to dip at the open on Monday, with futures down 0.06%.


* ASTRAZENECA: AstraZeneca said a mid-stage trial of its cancer drug Enhertu showed positive results across multiple HER2-expressing advanced solid tumours in heavily pre-treated patients.
* HOME REIT: UK housing provider Home REIT Plc said two of its tenants have entered into creditors' voluntary liquidation.
* CAR REGISTRATIONS: British new car registrations rose by a quarter in February and almost half a million plug-in cars are expected to join the road by the end of 2023, according to preliminary industry data.
* ARM LTD: Arm Ltd, the British chip designer owned by Japan's SoftBank Group Corp , is likely to aim to raise at least $8 billion in its U.S. stock market launch this year, people familiar with the matter said.
* STRIKES: Britain's Unite trade union said it had suspended ambulance worker strikes planned for March 6 and 8 in order to enter into pay talks with the government.
* STAFF PAY: Costa Coffee has followed rival Pret A Manger in raising pay for its British store staff for the third time in a year.
* INFLATION: The British public's expectations for inflation over the coming year and five to 10 years ahead rose unexpectedly in February, U.S. bank Citi said after publishing a monthly survey conducted by YouGov.
* OIL: Oil prices fell at the open after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell's testimony this week.
* GOLD: Gold prices ticked lower as central banks indicated further interest rate hikes to tame stubbornly high inflation.



* 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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