UK Stocks-Factors to watch on Jan 11
Jan 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.2%.
* DARKTRACE: British cybersecurity company Darktrace DARK.L cut its full-year revenue forecast, saying prospective customers were more reluctant to run product trials due to worsening macro-economic environment.
* DIRECT LINE: Motor and home insurer Direct Line DLGD.L said it does not expect to pay a
final dividend
for 2022, following surge in claims due to severe cold weather in Britain in December.
* BARRATT: Britain's Barratt Developments Plc BDEV.L said it would
build fewer homes
in 2023 fiscal than year earlier and flagged uncertainty in market, as higher mortgage rates amid a cost-of-living crisis drive homebuyers away.
* PAGEGROUP: PageGroup PAGE.L lowered its
full-year operating profit forecast
, as the global recruiter saw a reduction in both candidate and client confidence in its fourth quarter amid a challenging macroeconomic backdrop.
* SAINSBURY: Sainsbury's SBRY.L , Britain's second biggest supermarket group,
forecast full-year profit
towards the upper end of its previously guided range as it reported a 5.9% rise in underlying sales for the Christmas quarter.
* JD SPORTS: British clothes and footwear retailer JD Sports JD.L reported
total revenue growth
of over 20% in six weeks in the run up to Christmas which it said would help lift annual profit to top end of a forecast range.
* FERREXPO: Ferrexpo FXPO.L said its annual production of iron ore pellets
slumped
due to higher costs, logistical constraints and disruptions caused by Russian invasion of Ukraine.
* GOLD: Gold scaled an eight-month peak underpinned by a subdued dollar, but still moved in relatively tight range as traders positioned for inflation data that could influence U.S. Federal Reserve's interest rate hikes.
* STRIKES: British government introduced legislation to parliament which would require key public services to maintain minimum safety levels during strike action by workers.
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
> Financial Times
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Reporting by Hani Kollathodi in Bengaluru
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