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UK Stocks-Factors to watch on Jan 13
Published at 13/01/2021 at 06:31

Jan 13 (Reuters) - Britain's FTSE 100 index is seen opening 11 points higher at 6,765 on Wednesday, according to financial bookmakers.

* RIO TINTO: Members of the San Carlos Apache tribe in Arizona said on Tuesday they have sued the Trump administration to block a pending land swap that would give Rio Tinto the land it needs to build its Resolution Copper project.

* Morrisons: Morrisons said it will become the first British supermarket group to pay all its store staff at least 10 pounds ($13.62) an hour.

* Premier Oil: Premier Oil shareholders on Tuesday voted in favour of a reverse takeover of private equity-backed Chrysaor to create the British North Sea's biggest oil and gas producer in which Premier shareholders will hold about 5.5%.

* GOLD: Gold edged higher as the U.S. dollar and Treasury yields pulled back, and the prospect of massive U.S. fiscal stimulus boosted the metal's appeal as an inflation hedge.

* OIL: Oil prices gained more than 1% with U.S. crude rising for a seventh day, after industry data showed a bigger than expected drop in inventories and investors shrugged off worsening developments in the pandemic.

* The UK blue-chip index closed 0.7% lower on Tuesday as worries about increasing cases of COVID-19 and its impact on the economy coupled with a stronger pound overshadowed a set of upbeat earnings forecasts.


Pagegroup Plc Q4 trading statement

Persimmon Plc Trading statement

ASOS Plc Trading statement

Pharos Energy Plc Q3 trading and operations update

Big Yellow Group Plc Q3 trading statement

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


> Financial Times

> Other business headlines

(Reporting by Priyanshi Mandhan in Bengaluru)

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