UK Stocks-Factors to watch on Feb 3

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Britain's FTSE 100 .FTSE index is seen opening flat with futures FFIc1 down 0.01% on Friday

* ROYAL MAIL: Postal workers at Royal Mail will strike for 24 hours on Feb. 16, the CWU said.

* SHELL: Shell's SHEL.L new Chief Executive Wael Sawan said renewables projects need to bring a return on investment in double digits for Shell to lure spending.

* STANDARD CHARTERED: Standard Chartered STAN.L said it had been granted in-principle approval by the China Securities Regulatory Commission (CSRC) to set up a mainland securities firm.

* NATWEST: NatWest NWG.L CEO Alison Rose will face grilling by British lawmakers next Tuesday over whether lenders are passing on enough of central bank interest rate rises to consumers.

* GLENCORE: Glencore GLEN.L unit Astron Energy is in the final stages of fully restarting production at its 100,000 barrel per day South African refinery.

* JD SPORTS: JD Sports JD.L will spend up to 3 bln pounds ($3.7 bln) to open as many as 1,750 stores over the next five years.

* BOE: Bank of England Governor Andrew Bailey said that he could not guarantee that any future increases in bank rate would be in smaller steps than the half-point increases it has made after recent meetings.

* UK MOTOR INSURANCE: British households saw their motor insurance bills rise by 8% on average over the last three months of 2022.

* GOLD: Gold prices steadied on Friday as traders digested rate-hike remarks from global central banks.

* The UK's main stock indexes rose on Thursday after the Bank of England said inflation had probably peaked and forecast a shallower recession in 2023.

* For more on the factors affecting European stocks, please click on: LIVE/

> Financial Times PRESS/FT
> Other business headlines PRESS/GB

Reporting by Sruthi Narasimha Chari in Bengaluru


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