Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UPDATE 1-UK Stocks-Factors to watch on Feb 13

Published 13/02/2019, 06:53 pm
Updated 13/02/2019, 07:00 pm
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Feb 13

(Adds company news items and futures.)

Feb 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 33 points higher at 7,166 on Wednesday, according to financial bookmakers while FTSE 100 futures .FFIc1 were up 0.38 percent ahead of the cash market open.

* COUNTRYWIDE: British real estate agent Countrywide CWD.L said on Wednesday challenging market conditions led to its core profit for the full year falling by half and added that it remains cautious about its outlook for 2019. IHG: InterContinental Hotels Group IHG.L has agreed to buy the brands and operating companies of Six Senses Hotels Resorts Spas for $300 million in cash, the owner of the Crowne-Plaza and Holiday Inn chains said on Wednesday, in a move that beefs up its luxury portfolio. GALLIFORD TRY: Galliford Try GFRD.L on Wednesday reported higher first-half pretax profit as the construction group built more homes despite uncertainty brought on by Britain's impending exit from the European Union. CLINIGEN GROUP: British pharmaceutical firm Clinigen Group Plc CLINC.L said on Wednesday it acquired the U.S. rights to Swiss drugmaker Novartis AG's NOVN.S skin and lung cancer drug Proleukin for a total of $210 million, including some future payments. DUNELM GROUP: British homewares retailer Dunelm Group Plc DNLM.L became the latest company to say on Wednesday that it was stockpiling some of its best-selling products to beat potential supply disruptions arising from Brexit. HOCHSCHILD MINING: Gold and silver miner Hochschild Mining Plc HOCM.L has suspended operations at its Arcata precious metal mine in south west Peru, saying a low silver price had left it no choice but to halt production at the mine. TULLOW OIL: Africa-focused Tullow Oil TLW.L on Wednesday posted its first annual post-tax profit in five years and said it would resume dividends with a 4.8 cent per share payout as it sets its sights on East African projects and drilling in Guyana. BHP: BHP Group BHP.AX , the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led BP.L Atlantis oil project in the U.S. Gulf of Mexico. GOLD: Gold firmed slightly on Wednesday as investors held onto the safe-haven metal while seeking more clarity on Sino-U.S. trade talks, and as volatility in the dollar provided further support. OIL: Oil prices rose by around 1 percent on Wednesday as producer club OPEC said it had deeply cut supply in January and as U.S. sanctions hit Venezuela's oil exports. The UK blue chip index closed up 0.1 percent on Tuesday after briefly falling into negative territory as sterling recouped some losses during May's speech. For more on the factors affecting European stocks, please click on: LIVE/

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB

* 3000 Xtra : visit http://topnews.session.rservices.com

* For Top News : http://topnews.reuters.com

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.