UPDATE 1-UK Stocks-Factors to watch on March 15

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) March 15 - Britain's FTSE 100 index is seen opening higher on Wednesday with futures up 0.1%.
* FERREXPO: Ferrexpo Plc reported a slump in its full-year profit, as the Ukraine-focussed miner took a hit from higher costs and lower production volumes.
* IG GROUP: IG Group forecast its annual revenue and profit in line with market expectations, as the Ukraine crisis and the Silicon Valley Bank collapse fuelled market volatility and boosted trading volumes.
* BURBERRY: British luxury brand Burberry said it had appointed Kate Ferry as its next


chief financial officer .



* BLOOMSBURY: Bloomsbury Publishing Plc forecast full-year profit to be well


ahead of expectations, encouraged by the robust demand for it fantasy novels and academic digital resources.



* ENERGY BILLS: Britain


extended its support for household energy bills by three months to the end of June, the government said, keeping a lid on household bills in a move that should help ease the country's cost of living squeeze.


* PRUDENTIAL: Prudential's operating profit rose 8% in 2022, and its new boss said sales had picked up further since China lifted its COVID-19 curbs.
* PAY: British employers agreed to pay rises averaging 5.0% during the three months to the end of January, a survey showed.
* OIL: Oil prices rebounded more than 1% recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures.
* GOLD: Gold prices edged up in range-bound trading due to a softer dollar, while investors assessed the U.S. Federal Reserve's rate-hike trajectory after a closely watched consumer prices report showed still-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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