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UPDATE 1-UK Stocks-Factors to watch on Jan 26
Published at 26/01/2021 at 07:53

(Adds futures, news items)

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

up 0.07% ahead of cash market open.

* ROLLS-ROYCE: Rolls-Royce downgraded expectations for how much its engines would fly this year and warned of a big cash outflow due to travel restrictions under the COVID-19 pandemic.

* SAGA: Saga reported total cruise bookings of 140 million pounds ($190.54 million), as it prepares to restart sailing in May after more than a year of suspension due to the COVID-19 crisis.

* PZ CUSSONS: PZ Cussons reported higher first-half adjusted pretax profit from a pandemic-led demand for handwash and sanitisers.

* JD SPORTS: JD Sports Fashion Plc confirmed it was exploring additional funding options which may involve a non-equity placing, as it looks to increase its flexibility to invest in future strategic opportunities.

* MOONPIG: Moonpig Group plans to raise up to 422 million pounds from an initial public offering its bookrunner said, in a deal that would value it at as much as 1.2 billion pounds.

* DP EURASIA: DP Eurasia , said its overall sales in 2020 rose by 14.6% as COVID-19 boosted shift to home delivery.

* AG BARR: A.G. Barr said it expects annual pretax profit to be ahead of market estimates.

* REFINITIV: Refinitiv CEO David Craig said the COVID-19 pandemic had shown how fragile and complacent the world was so leaders should challenge their thinking in a volatile world.

* UNEMPLOYMENT: Britain's unemployment rate rose to 5.0%, in the three months to Nov as the COVID-19 pandemic continued to take its toll on the economy.

* 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.

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


> Financial Times

> Other business headlines ($1 = 0.7348 pounds)

(Reporting by Priyanshi Mandhan in Bengaluru)

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