UK stock market: Major factors to watch on February 12
London: Britain’s FTSE 100 index is seen opening 83 points higher at 7,175.5 on Monday, according to financial bookmakers, with futures up 1.25 percent ahead of the cash market open.
* SAGA: Saga Plc, a British tourism and insurance group for the over-50s, said it had signed a quota share deal with NewRe and German reinsurer Hannover Re to take on 80 percent of the motor underwriting risk of its in-house underwriter AICL.
* EUROMONEY: Euromoney, a business to business information company, said it agreed to sell its Global Markets Intelligence Division (GMID) to a consortium led by CITIC Capital Partners for $180.5 million, selling off a non-core unit.
* GAME DIGITAL: British computer games retailer Game Digital said on Monday it planned to put concessions and gaming areas into some Sports Direct SPD.L stores after agreeing a collaboration with Mike Ashley’s sportswear group.
* ACACIA: Acacia Mining has scrapped its 2017 dividend after core earnings fell by more than half because of a ban on unprocessed mineral exports in Tanzania, it said on Monday.
* STANDARD LIFE ABERDEEN: A subsidiary of Standard Life Aberdeen Plc , one of the world’s largest asset managers, is pressuring a Mexican airport developer to change its shareholder structure, three years after unsuccessfully trying the same strategy in a similar investment.
* LADBROKES: Britain’s largest bookmaker Ladbrokes Coral reported a 4 percent rise in full year net revenue on Friday helped by strong growth in its European retail and digital business.
* TESCO: Supermarket group Tesco, Britain’s biggest retailer, is planning a chain of cut-price stores to counter the growth of discount rivals Aldi and Lidl, the Sunday Times newspaper reported.
* IQE: Cardiff University has defended its joint venture with Welsh technology company IQE that has been criticised by two hedge funds with short positions in the company’s stock.
* OIL: Oil prices rose by 1 percent on Monday, recovering at least some of last week’s steep losses as Asian stock markets found their footing after days of chaotic trading.
* GOLD: Gold prices rose on Monday as the U.S. dollar slipped after last week’s rally though investors are watching for inflation data from the United States later this week for signs of the intensity of expected U.S. interest rate increases.
* METALS: London copper climbed away from its lowest in nearly two months on Monday as the dollar dropped, although traders remained cautious about demand after the Lunar New Year holiday that starts this week.
* BANK OF ENGLAND: The Bank of England is likely to need to raise interest rates to tackle inflation but will not do so in a hasty manner, the central bank’s chief economist said in a newspaper article published on Sunday.
* BRITAIN-ECONOMY: British shoppers spent less last month than the year before, causing spending in January to fall for the first time since 2013, according to a survey which underscored many households’ caution about their finances and the approach of Brexit.
* The UK blue chip was down 1.1 percent at 7,092.43 points at its close on Friday, as a global sell-off pulled down shares in the most volatile sectors.
State-owned PNB today said it has received Rs 2,816 crore as capital infusion from the government via preferential allotment of equity shares.
The Border Roads Organisation has spent more than Rs 1,900 crore on construction and improvement of infrastructure on the north-western and north-eastern borders of India, the government said.
The population of tigers is on the rise, the government said today quoting preliminary census data.
Barely two weeks since launch, BSNL's internet telephony service 'Wings' has received over 4,000 bookings for the new offering that will allow users to dial any phone number in India through a mobile app, starting this week, its Chairman said today.
The National Green Tribunal has directed the Haryana government to restore 123 water bodies in Gurugram and Faridabad districts and assign each one of them a unique identification number within three months.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.