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UK Stocks-Factors to watch on Jan 26
Published at 26/01/2021 at 06:35

Jan 26 (Reuters) - Britain's FTSE 100 index is seen opening 8 points higher at 6,647 on Tuesday, according to financial bookmakers.

* Indivior: Indivior said on Monday former parent Reckitt Benckiser

would withdraw a $1.4 billion claim against the company and it would pay the Dettol-maker $50 million to end a legal battle related to a U.S. probe into opioid addiction.

* ASTRAZENECA: AstraZeneca denied on Monday its COVID-19 vaccine is not very effective for people over 65, after German media reports said officials fear the vaccine may not be approved in the European Union for use in the elderly.

* COVID-19: Britain will announce enforced quarantine for arrivals in the UK, broadcaster ITV reported, after Prime Minister Boris Johnson said that new coronavirus variants were prompting a review of border policy.

* GOLD: Gold inched higher as expectations that a large U.S. stimulus package would be passed eventually boosted the metal's appeal as a hedge against inflation.

* OIL: Oil prices fell as fading hopes for a rapid approval of new U.S. economic stimulus and mounting new coronavirus cases raised questions over the pace of any recovery in demand.

* The UK blue-chip index closed 0.8% lower on Monday with travel stocks leading the declines, as rising coronavirus infections and extended lockdowns raised worries of prolonged economic pain, while fashion retailers Boohoo and ASOS gained on merger deals.

* UK CORPORATE DIARY:

PZ Cussons Plc HY results

Saga Plc Trading Statement

Petropavlovsk Plc Trading Statement

Crest Nicholson Holdings Plc FY results

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Priyanshi Mandhan in Bengaluru)

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