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UPDATE 1-UK Stocks-Factors to watch on Feb 26
Published at 26/02/2021 at 07:54

(Adds company news items, futures)

Feb 26 (Reuters) - Britain's FTSE 100 index is seen opening 65 points lower at 6,587 on Friday, according to financial bookmakers, with futures

down 1.17% ahead of the cash market open.

* RIGHTMOVE: Rightmove said it expected continued robust market activity this year, ahead of a potential extension of tax break and reinstated dividend payment.

* JUPITER FUND MANAGEMENT: Jupiter Fund Management said it saw assets hit a record 58.7 billion pounds in 2020.

* IAG: IAG posted a loss of 4.37 billion euros for 2020 after a year of minimal flying and burning through cash.

* RSA: RSA said its 2020 operating profit rose 15% to 751 million pounds ahead of an anticipated takeover by Denmark's Tryg and Canada's Intact Financial .

* PETS AT HOME: Pets At Home lifted its annual underlying pretax profit forecast.

* TULLOW OIL: Tullow Oil said it had agreed to a new reserve-based loan of about $1.7 billion with its banks, taking the company's liquidity to roughly $900 million, including free cash and available debt.

* YELLOW CAKE: Yellow Cake said on Thursday that it intends to raise at least $110 million to partly fund the purchase of physical uranium under an agreement with NAK Kazatomprom .

* OXFORD UNIVERSITY: Oxford University said on Thursday it was investigating a digital intrusion after a researcher said he had seen evidence that a laboratory researching COVID-19 had been hacked.

* GOLD: Gold prices fell to their lowest in eight months as brighter economic outlook and inflation fears propped up U.S. Treasury yields.

* OIL: Oil prices dropped as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.

* The UK blue-chip index closed 0.1% lower on Thursday, as losses in defensive sectors due to higher treasury yields outweighed gains in resource and most banking stocks.

* 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; Editing by Vinay Dwivedi)

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