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UPDATE 1-UK Stocks-Factors to watch on Jan 25
Published at 25/01/2021 at 07:55

(Adds futures, news items)

Jan 25 (Reuters) - Britain's FTSE 100 index is seen opening 13 points higher at 6,708 on Monday, according to financial bookmakers, with futures up 0.41% ahead of cash market open.

* STHREE: Recruiter SThree Plc said its annual profit nearly halved, but the company still managed to beat market expectations and resumed dividend as a recovery in the United States offset a hit from the COVID-19 pandemic.

* BOOHOO: Boohoo said it had purchased the brand of collapsed department store group Debenhams for 55 million pounds ($75.4 million).

* ASOS: ASOS said it was in exclusive talks to buy the Topshop, Topman, Miss Selfridge and HIIT brands from the administrators of Arcadia Group.

* TP ICAP: TP ICAP said it could not serve some clients in the European Union for the time being because COVID-19 had delayed completion of its new Brexit hub in Paris.

* ASTRAZENECA: AstraZeneca Plc has informed European Union officials on Friday it would cut deliveries of its COVID-19 vaccine to the bloc by 60% to 31 million doses in the first quarter of the year due to production problems, a senior official told Reuters.

* COVID-19: The British government is reviewing the level of ongoing support it gives to those relying on welfare during the pandemic, the work and pensions minister said, when asked whether a boost to Universal Credit would be extended.

* GOLD: Gold prices inched lower due to concerns that a massive economic stimulus in the United States may not be passed smoothly.

* OIL: Oil prices slipped for a second straight session as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand.

* The UK blue-chip index closed 0.3% lower on Friday as data showed UK business activity declined sharply in Jan due to severe curbs imposed to stem coronavirus infections.

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


> Financial Times

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(Reporting by Priyanshi Mandhan in Bengaluru)

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