February 28, 2017 / 7:14 AM / 5 months ago

UK Stocks-Factors to watch on Feb 28

7 Min Read

    Feb 28 (Reuters) - Britain's FTSE 100 index is seen opening up about
5 points on Tuesday, according to financial bookmakers.
    
    * The UK blue chip index closed 0.1 percent higher at 7,253.00 points on
Monday, helped by earnings updates and weak sterling, although motor insurers
were hit by a regulatory change that could lead to higher payouts.
    * SHELL: A Nigerian court will rule on March 13 on a request by Royal Dutch
Shell and Italy's Eni to lift the temporary seizing of a
long-disputed oilfield, a judge said on Monday.
    * SHELL: Royal Dutch Shell is unlikely to participate in new oil-sands
projects as it looks to control costs amid an austere crude oil environment,
Bloomberg reported on Monday, citing an interview with Chief Executive Ben Van
Beurden. (bloom.bg/2m2TOdy)
    * UNILEVER/KRAFT: U.S. food company Kraft Heinz Co is not targeting
any other large deals for now after being snubbed by Unilever Plc 
because valuations in the sector are too high, major shareholder Warren Buffett
told CNBC news on Monday.
    * UK CONSUMER SENTIMENT: British consumer morale edged lower in February as
rising inflation following last year's Brexit vote made householders warier
about the outlook for their finances, surveys showed.
    * OIL: U.S. crude oil edged higher for a second day on Tuesday, underpinned
by high compliance with OPEC's production cuts even as the market remains
anchored by rising U.S. production.
    * BREXIT: The European Union will not pick an immediate fight with the City
of London over its right to clear euro-denominated securities, EU officials said
on Monday, as Britain prepares to trigger the process of quitting the bloc.

    * UK SPENDING: The UK government is failing to recognize "clear warning
signs" that public services are nearing a breaking point after six years of
spending cuts, The Financial Times reported, citing a new report from the
Institute for Government published on Tuesday. (on.ft.com/2mxXcuj)
    * UK BUDGET: Chancellor of the Exchequer Philip Hammond will have an extra
29 billion pounds to allocate in next week's budget, the Times reported, citing
a think tank. (bit.ly/2mor3sF)
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:
    
 Bodycote PLC                                     Full Year 2016 Bodycote PLC
                                                  Earnings Release
 Jardine Lloyd                                    Preliminary Q4 2016 Jardine
 Thompson Group PLC                               Lloyd Thompson Group PLC
                                                  Earnings Release
 Moneysupermarket.Co                              Full Year 2016
 m Group PLC                                      Moneysupermarket.Com Group
                                                  PLC Earnings Release
 Croda International                              Full Year 2016 Croda
 PLC                                              International PLC Earnings
                                                  Release
 Taylor Wimpey PLC                                Full Year 2016 Taylor Wimpey
                                                  PLC Earnings Release
 Novae Group PLC                                  Announcement of Preliminary
                                                  2016 Novae Group PLC
                                                  Earnings Release
 Interserve PLC                                   Full Year 2016 Interserve
                                                  PLC Earnings Release
 Ricardo PLC                                      Half Year 2017 Ricardo PLC
                                                  Earnings Release
 Go-Ahead Group PLC                               Half Year 2016 Go-Ahead
                                                  Group PLC Earnings Release
 Laird PLC                                        Full Year 2016 Laird PLC
                                                  Earnings Release
 St. James's Place                                Full Year 2016 St. James's
 PLC                                              Place PLC Earnings Release
 RIT Capital                                      Full Year 2016 RIT Capital
 Partners PLC                                     Partners PLC Earnings
                                                  Release
 Redde PLC                                        Half Year 2017 Redde PLC
                                                  Earnings Release
 Fresnillo PLC                                    Full Year 2016 Fresnillo PLC
                                                  Earnings Release
 GKN PLC                                          Full Year 2016 GKN PLC
                                                  Earnings Release
 Babcock                                          Babcock International Group
 International Group                              PLC Trading Statement
 PLC                                              Release
 Provident Financial                              Full Year 2016 Provident
 PLC                                              Financial PLC Earnings
                                                  Release
 Derwent London PLC                               Full Year 2016 Derwent
                                                  London PLC Earnings Release
 Meggitt PLC                                      Full Year 2016 Meggitt PLC
                                                  Earnings Release
   
        
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            
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 * 3000 Xtra    : visit topnews.session.rservices.com
 * For Top News : topnews.reuters.com

 (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Amrutha Gayathri)
  

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