UPDATE 1-UK Stocks-Factors to watch on March 8

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) March 8 (Reuters) - Britain's FTSE 100 index is seen opening lower on Wednesday, with futures down 0.26%.


* TULLOW OIL: Tullow Oil reported a 2022 free-cash flow of $267 million, up from $245 million the previous year and in line with forecasts.
* ADMIRAL: Admiral lowered its full-year dividend after missing consensus for annual profit.
* LEGAL & GENERAL: Operating profit at Legal & General Group Plc rose 12% in 2022, the company reported, adding it was on track to meet its targets.
* DARKTRACE: Darktrace lowered its forecast for full-year cash flow due to an accounting change related to its listing as it reported a 36% rise in first-half revenue.
* RESTAURANT GROUP: Restaurant Group posted an annual operating loss, hit by impairment charges on its leisure business.
* HISCOX: Hiscox Ltd posted a 76.5% plunge in its full-year profit, although higher premium rates helped the insurer report a slight rise in its gross premiums written.
* HEATHROW AIRPORT: Britain's Heathrow Airport was told by the aviation regulator it will have to cut the fees it charges airlines over the 2024-2026 period.
* RESTAURANT GROUP: The Restaurant Group has become a target of activist investor Irenic Capital Management, which is pushing for a change at the Wagamama owner, Bloomberg News reported, citing people familiar with the matter.
* STRIKES: British trade union the RMT said it had suspended all strike action on Network Rail following a new offer from the employer.
* SURVEY: Britain's labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed, a survey showed.
* OIL: Oil prices steadied as industry data showed an unexpected draw in U.S. crude oil inventories.
* GOLD: Gold hits 1-week low as Powell flags higher rates


* 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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