UK Stocks-Factors to watch on Feb. 8

Feb 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.13%.

* SHELL: Shell SHEL.L and Brazilian steelmaker Gerdau SA GGBR4.SA said they had reached a binding agreement to create a 50-50 joint venture for the development, construction and operation of a new solar farm in Brazil's Minas Gerais state.

* ASDA: Asda will put its lowest price food ranges in all its stores, it said, after poverty campaigner Jack Monroe criticised British supermarkets for cutting back their budget ranges.

* VODAFONE: Iliad SA ILD.PA made an offer for Vodafone's VOD.L Italian unit last week, Bloomberg News reported, citing people with knowledge of the matter.

* COVID-19 RULES: British consumers slowed the pace of their spending last month as the Omicron COVID-19 wave hit fuel sales and kept people away from bars and restaurants, according to a survey which also pointed to the impact of rising inflation.

* METALS: London aluminium prices hit a near four-month high boosted by dwindling inventories, while coronavirus curbs in the Chinese city of Baise has hit transportation of alumina raising concerns over a potential cut in production.

* GOLD: Gold prices were steady as inflationary pressures kept the safe-haven metal supported near previous session's one-week high, while market participants awaited U.S. inflation data that is crucial for the Federal Reserve's tapering timeline.

* OIL: Oil prices eased ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies.

* Britain's main equity index rose on Monday, led by banking stocks as investors continued to bet on rising interest rates globally, while stronger commodity prices lifted mining shares.




Trading update DCC Plc


Interim Statement Micro Focus


FY results BP


Q4 results SSE


Q3 trading update Ocado


FY results TUI AG

TUIGn.DE Q1 results

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


> Financial Times

> Other business headlines

Reporting by Amna Karimi in Bengaluru

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.