UK Stocks-Factors to watch on Feb 3

<html xmlns=""><head><title>UPDATE 1-UK Stocks-Factors to watch on Feb 3</title></head><body>

Adds new items; updates futures

Britain's FTSE 100 .FTSE index is seen opening flat with futures FFIc1 down 0.06%on Friday

* OFGEM: The British energy regulator said itextended two temporary measures, introduced last year in response to a massive surge in gas and electricity prices, by another year to March 2024.

* BT: Britain'stelecoms regulatorsaid it was not minded to stop BT BT.L introducing a new wholesale fibre offer for broadband providers like Sky and TalkTalk to move customer from slow copper to ultrafast fibre connections.

* BOE: Bank of England Chief Economist Huw Pill said on Friday it was important not to raise interest rates too high , noting they had already increased by a large amount and the full effects of that had yet to register on the economy.

* 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.

* 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.

* JD SPORTS: British-based JD Sports JD.L will spend up to3 billion pounds($3.7 billion) to open as many as 1,750 stores over the next five years, said new CEO Régis Schultz.

* The UK's main stock indexes rose on Thursday after the Bank of England (BoE) said inflation had probably peaked and forecast a shallower recession in 2023 after raising interest rates in line with expectations.

* 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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