Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

UPDATE 1-UK Stocks-Factors to watch on March 11

Published 11/03/2021, 06:57 pm
Updated 11/03/2021, 07:00 pm
© Reuters.

(Adds futures, news items)

March 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 14 points higher at 6,740 on Thursday, according to financial bookmakers, with futures .FFIc1 up 0.48% ahead of the cash market open.

* SHELL: Royal Dutch Shell RDSa.L announced former BHP CEO Andrew Mackenzie as its next chairman to succeed Charles Holliday who will step down on May 18. WPP: WPP WPP.L said it would relaunch its buyback scheme immediately after cost cuts. ROLLS-ROYCE: Rolls-Royce (LON:RR) plunged to a worse than expected 4 billion pound loss in 2020. SAVILLS: Savills SVS.L reiterated that transactional activity would remain suppressed in the first half of 2021. MORRISONS: Morrisons MRW.L reported a halving in annual profit as a COVID-19-related jump in sales was more than offset by the huge extra costs of the crisis. MARSTON'S: Marston's MARS.L said Ralph Findlay intends to step down as its chief executive officer after around two decades in the role. GO-AHEAD: Go-Ahead GOG.L said it expected more people to use public transport for work and leisure in the spring as England begins to lift its coronavirus-led curbs. IG GROUP: IG IGG.L posted a surge in third-quarter revenue despite a tough comparative. TCS GROUP: TCS Group Holding TCSq.L said its net profit rose 22% to 44.2 billion roubles in 2020. MARKS & SPENCER: Marks & Spencer MKS.L said it would launch a wave of guest clothing brands on its website this spring, including Hobbs, White Stuff, Joules and Sloggi, in bid to accelerate online growth. BHP: BHP Group BHP.AX is unlikely to make any major acquisitions in the near-term given rocketing commodity prices, and will instead focus on exploration and wringing more value out of existing assets, its chief executive said. ASTRAZENECA: European Medicines Agency said on Wednesday there was no evidence so far linking AstraZeneca (NASDAQ:AZN)'s AZN.L COVID-19 vaccine to illnesses in two people who received it in Austria. HSBC: HSBC HSBA.L will phase out its support for the coal industry in the developed world by 2030 and in the developing world by 2040, the bank said. HOUSE PRICES: The slow start to 2021 for Britain's housing market stretched into February, before finance minister Rishi Sunak announced new measures that could revive a property boom that began after the first COVID-19 lockdown last year, a survey showed. GOLD: Gold prices rose after softer U.S. inflation data halted an advance in Treasury yields and the dollar. OIL: Crude oil prices rose as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply. The UK blue-chip index .FTSE closed 0.1% lower on Wednesday as easing inflation concerns pulled down mining and banks stocks. 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

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.