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UK Stocks-Factors to watch on Feb. 8

· 02/08/2021 01:43
UK Stocks-Factors to watch on Feb. 8

- 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. nL1N2KE05R

* ASTRAZENECA: South Africa will put on hold use of AstraZeneca'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. nL1N2KD0GE

* ROLLS ROYCE: Rolls-Royce RR.L said it is proposing a two-week operational shutdown of its civil aerospace unit over the summer. nFWN2KB1T5

* 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. nFWN2KB1VU

* 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. nL4N2KB44P

* COVID-19: Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported. nL1N2KC0K3

* GOLD: Gold prices edged higher as softer U.S. jobs data cemented hopes of further fiscal stimulus and pressured the dollar. nL4N2KE0X3

* 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. nL1N2KE03V

* 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. nL4N2KB2I9


* 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


(Reporting by Priyanshi Mandhan in Bengaluru)

((Priyanshi.Mandhan@thomsonreuters.com; +91 9650985606;))