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UK Stocks-Factors to watch on Feb. 8

Stock Markets Feb 08, 2021 06:48
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Feb 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 54 points higher at 6,543 on Monday, according to financial bookmakers.

RIO TINTO: Mongolia's government is seeking an agreement from Rio Tinto RIO.L , RIO.AX to terminate a deal to expand the Oyu Tolgoi copper mine in the Gobi Desert, the Financial Times said.

ASTRAZENECA: South Africa will put on hold use of AstraZeneca (NASDAQ:AZN)'s AZN.L COVID-19 shot in its vaccination programme, after data showed it gave minimal protection against mild-to-moderate infection caused by the country's dominant coronavirus variant.

ROLLS ROYCE: Rolls-Royce RR.L said it is proposing a two-week operational shutdown of its civil aerospace unit over the summer.

G4S (CSE:G4S): G4S GFS.L will hold talks with the City's takeover panel, the Telegraph reported on Saturday, which could lead to a head-to-head auction between GardaWorld and Allied Universal for the company's buyout.

HIPGNOSIS SONGS FUND: Hipgnosis Songs Fund SONG.L said on Friday it had raised 75 million pounds through a share sale, as the investment firm seeks to cash in on the explosion of online music streaming during the COVID-19 pandemic. COVID-19: Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported.

GOLD: Gold prices edged higher as softer U.S. jobs data cemented hopes of further fiscal stimulus and pressured the dollar.

OIL: Oil prices rose with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand. The UK mid-cap index .FTMC closed 1.2% higher on Friday as power equipment supplier Aggreko Plc AGGK.L soared following a buyout proposal and faster vaccine rollouts supported hopes for a brisk economic revival.

UK CORPORATE DIARY:

Electrocomponents Plc

ECM.L

Trading update Inland Homes Plc

ILND.L

FY results

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

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB

UK Stocks-Factors to watch on Feb. 8
 

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