UK Stocks-Factors to watch on Feb 25
Feb 25 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Friday, with futures FFIc1 up 1.18%.
* RIGHTMOVE: Rightmove's RMV.L 2021 profit surpassed pre-pandemic levels and the British real-estate portal said it expects transaction levels to stay strong, dispelling slowdown concerns driven by rising inflation and a higher cost of living.
* FERREXPO: Ferrexpo FXPO.L said it sent force majeure notices to some customers as the iron ore miner suspended exports at Pivdennyi port in southwest Ukraine, a day after Russian forces invaded the country.
* IAG: British Airways owner IAG ICAG.L is now avoiding Russian airspace for overflights and cancelled its flight to Moscow on Friday after Prime Minister Boris Johnson banned Russia's flagship airline Aeroflot from Britain, CEO Luis Gallego said.
* PEARSON: Global education group Pearson PSON.L said it would launch a 350 million pound ($470 million) share buyback after demand for assessment and qualification services enabled it to hit 2021 targets and set out medium-term growth goals.
* JOHN LEWIS: British retailer John Lewis Partnership said on Friday it plans to spend 500 million pounds ($671 million) to cut product prices as UK shoppers grapple with broadening inflationary risks.
* CENTRICA: Britain's largest energy supplier Centrica CNA.L reported a doubling in adjusted profit for 2021 and said its British Gas brand had taken on about 700,000 customers after the collapse of rivals hit by soaring energy costs amid a cap on prices.
* IMPERIAL BRANDS: Imperial Brands Plc IMB.L , the maker of Winston cigarettes and Backwoods cigars, suspended operations in Ukraine, the company told Reuters, after Russia launched an invasion of the country.
* UK BANKS-RUSSIA : Russian nationals will not be allowed to have deposits of more than 50,000 pounds ($66,860) at British banks, the foreign office said, fleshing out details of its latest package of sanctions.
* GOLD: Gold prices rose, steadying after a volatile session, as investors reassessed the situation surrounding Russia's invasion of Ukraine and fresh sanctions against Moscow from the West.
* OIL: Oil prices jumped nearly 3% as Russia's invasion of Ukraine stoked global supply concerns.
* UK's main stock indexes plunged on Thursday, tracking a sharp selloff in global equities, as investors shed riskier assets.
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
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Reporting by Amna Karimi in Bengaluru
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