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Markets

UK Stocks-Factors to watch on Jan 28

Published January 28, 2019 Updated January 28, 2019 12:56pm

Britain's FTSE 100 index is seen opening 22 points lower at 6,787 on Monday, according to financial bookmakers, with FTSE 100 futures down 0.36 percent ahead of the cash market open.

PARAGON BANKING: Paragon Banking Group reported a slight increase in common equity tier 1 ratio - a closely watched measure of balance sheet strength - and a jump in new lending during the first quarter as demand from professional landlords surged.

STHREE: Recruiter SThree Plc posted a 20 percent rise in full-year pretax profit on Monday as strong international hiring offset declines in Britain.

FLYBE: Flybe Group plc confirmed on Monday its largest shareholder has urged the airline to remove Chairman Simon Laffin and investigate the company's cut-price sale to a consortium.

Tesco: Tesco, Britain's biggest supermarket chain, may cut thousands of jobs by closing in-store meat, fish and delicatessen counters and by replacing staff canteens with vending machines, the Mail on Sunday newspaper reported, citing industry sources.

VODAFONE: Vodafone, the world's second-largest mobile operator, said it was "pausing" the deployment of Huawei equipment in its core networks until Western governments give the Chinese firm full security clearance.

ROYAL DUTCH SHELL: The United Steelworkers union said on Friday Shell Oil Co is delaying progress on important issues in negotiations for a new national agreement covering 30,000 US refinery and chemical workers, according to sources familiar with the talks.

GOLD: Gold prices held steady on Monday, near a seven-month peak scaled in previous session, on hopes the US Federal Reserve will keep interest rates unchanged during its two-day policy meeting later in the week.

OIL: Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there may rise further, and as China, the world's second-largest oil user, reported additional signs of an economic slowdown.

The UK blue chip index closed 0.14 percent down at 6809.22 on Friday, as Vodafone tumbled and a stronger pound weighed on exporter stocks.

Copyright Reuters, 2019

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