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UPDATE 1-UK Stocks-Factors to watch on Jan 20

Published 20/01/2016, 06:23 pm
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Jan 20
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Jan 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 110-121 points, or 1.9-2.1 percent, on Wednesday, according to financial bookmakers, with futures FFIc1 down 2.1-2.7 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on The UK blue chip index closed 96.88 points higher, or 1.7 percent, at 5,876.80 points on Tuesday after Chinese GDP figures met expectations while leaving room for further stimulus. BHP BILLITON: BHP Billiton BLT.L BHP.AX flagged on Wednesday that it sees no recovery in iron ore or coal prices in the next few years while holding out hope for a rebound in copper and oil as the company fights a slump in earnings set to hit its long-protected dividend. RANDGOLD: Randgold Resources RRS.L has signed three joint venture agreements with junior miners to explore potential gold deposits in Democratic Republic of Congo, chief executive Mark Bristow said on Tuesday. OIL: Crude futures slumped again in Asian trade on Wednesday, with U.S. oil dropping more than 3 percent towards $27 a barrel and its lowest since 2003, on worries about global oversupply. ZURICH INSURANCE : Zurich Insurance ZURN.VX on Wednesday flagged an estimated $100 million fourth-quarter business operating loss for its flagship general insurance (GI) business, largely due to claims from storms and floods in Britain and Ireland.

* WH SMITH: British books, newspaper and stationery retailer WH Smith Plc SMWH.L expects full-year profit "slightly ahead" of expectations after a strong sales performance at its High Street business over the Christmas period.

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