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UK Stocks-Factors to watch on Feb 23
Published at 23/02/2021 at 06:00

Feb 23 (Reuters) - Britain's FTSE 100 index is seen opening 10 points higher at 6,622 on Tuesday, according to financial bookmakers.

* HSBC: HSBC Holdings PLC abandoned its long-term profitability target, and unveiled a revised strategy focussed mainly on wealth management in Asia and the Middle East after posting a sharp drop in annual profit.

* AVIVA: French mutual insurer Groupe Macif is in pole position to acquire Aviva's French operations, Le Figaro reported on Monday, as the bidding deadline set by the UK group nears.

* GOLD: Gold climbed to a one-week peak, bolstered by a weaker dollar and a retreat in U.S. Treasury yields, while concerns of rising inflation further boosted bullion's appeal.

* OIL: Oil prices jumped by more than $1, underpinned by optimism over COVID-19 vaccine rollouts and lower output as U.S. supplies were slow to return after a deep freeze in Texas shut in crude production last week.

* The UK blue-chip index closed 0.2% lower on Monday, but recovered from early lows as British Prime Minister Boris Johnson set out a phased plan to end England's COVID-19 lockdown, boosting travel-related stocks.

* UK CORPORATE DIARY:

McBride Plc HY results

InterContinental Hotels Group 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;))