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UPDATE 1-UK Stocks-Factors to watch on Jan 11

Britain’s FTSE 100 (.FTSE) index is seen opening three points higher at 6,876 on Monday, according to financial bookmakers, with…

By financial2020myday , in Stock Markets , at January 11, 2021

Britain’s FTSE 100 (.FTSE) index is seen opening three points higher at 6,876 on Monday, according to financial bookmakers, with futures (FFIc1) down 0.01% ahead of cash market open.

SIG: SIG Plc (SHI.L) said it expects losses for 2020 to be at the “better end” of its expectations and that it could return to profitability in the second half of 2021.

JD Sports: JD Sports (JD.L) forecast fiscal 2021 profit to be “significantly ahead” of current market expectations, citing strong demand on its online channels during coronavirus lockdowns.

Royal Mail: Royal Mail (RMG.L) said its current director and former Apple (AAPL.O) executive, Simon Thompson, will take over as chief executive officer of its UK business.

Entain: Entain (ENT.L) said its Chief Executive Officer Shay Segev was leaving the gambling firm just seven months after taking the role.

Signature Aviation: Global Infrastructure Partners said it reached an agreement to buy Signature Aviation (SIGSI.L) for about $4.63 billion, trumping an approach from Blackstone (NYSE:BX) Group BX.N .

Vodafone: Vodafone (VOD.L) said it would put its 50% stake in Cornerstone, its UK towers joint venture with Telefonica (TEF.MC), into its new European infrastructure unit Vantage Towers after reaching a new commercial agreement with the Spanish company.

EasyJet: EasyJet (EZJ.L) boosted its liquidity through a new five-year loan facility of $1.87 billion, backed by a partial guarantee from Britain.

Dr Martens: British boot brand Dr Martens is considering an initial public offering in London, as its private equity owners look to sell down their stake.

COVID-19: Britain will have offered COVID-19 vaccines to those in the top four priority by the middle of next month as it ramps up rollout of the shots, the minister responsible for the programme said.

Gold: Gold eased touching a near six-week low earlier in the session, as a stronger dollar and higher U.S. Treasury yields kept prices under pressure.

The UK blue-chip index (.FTSE) closed 0.2% higher on Friday with gains of more than 6% as investors bet on a swift economic recovery.

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