Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

UK Stocks - Factors to watch on Jan 29

Source: Reuters - Fri 29th Jan 2010

Britain's FTSE 100 is seen opening 4-14 points higher on Friday, gaining slightly after sharp falls the previous session, as investors await U.S. gross domestic product data to gauge the health of the global economy.

The blue chip index is seen opening as much as 0.3 percent higher after the index closed 1.4 percent lower at 5,145.74 on Thursday, its lowest close since early Nov. 6, weighed by mounting concerns about the pace of global recovery.

A Reuters survey predicted that U.S. GDP expanded at a 4.6 percent annual rate, up from 2.2 percent in the third quarter.

If the number, due at 1330 GMT, comes in much weaker than expected, however,it could see a return to the jitters which have sent the UK index down 4.9 percent in January, its worst month since last February.

Ahead of that investors will watch Nationwide house price data for January released at 0700 GMT for clues on the state of the UK economy.

Consumer confidence in Britain rose in January, driven by improving optimism over the outlook for the economy and personal finances, a survey by GfK NOP for the European Commission showed on Friday.

* Wall St slides on tech results, global worry

* GLOBAL MARKETS-Asian stocks slide on tech, Greece's woes

* Tokyo's Nikkei share average closes down 2.08 pct

* Euro losses mount, yen firm with sentiment edgy

* Oil steady near $74 as U.S. growth forecast to quicken

* TREASURIES-Rise in Asia as regional stocks fall

* Shanghai copper down 2 pct on credit worry, dlr

* Gold off 3-mth lows, eyes on stronger dollar

UK stocks to watch on Friday are:

BP

The new chairman of the oil major could announce a replacement for the former non-executive director, Tom McKillop as early as Friday, The Times reported.

ROYAL BANK OF SCOTLAND

A Philadelphia-area real estate developer has sued the Citizens Bank unit of RBS, claiming the bank had jeopardized a $700 million project to redevelop a steel-plant site on financing commitments.

BHP BILLITON

Director Paul Anderson, who helped orchestrate the merger of BHP with Billiton in 2001, will retire from the board on Jan 31, the company said on Friday. He has accepted an invitation to become a director of BP, BHP said.

F&C ASSET MANAGEMENT

The company releases Q4 trading update.

SAFESTORE HOLDINGS

The company releases its full-year results.

MARSTON'S

The company holds its annual general meeting.

Comment on this Story

 
Be the first to comment on this Story !!

Recommended Items

Latest News & Stories