UK Stocks-Factors to watch on Feb. 24

lunes 24 de febrero de 2014 03:38 GYT
 

LONDON Feb 24 (Reuters) - Britain's FTSE 100 index is seen opening down 22 to 33 points, or as much as 0.5 percent, on Monday, according to financial bookmakers.

* Futures for the benchmark index were down 0.4 percent by 0732 GMT.

* The UK blue-chip index closed up 25.07 points, or 0.4 percent, at 6,838.06 points on Friday.

* HSBC - The bank's profits are expected to rise by almost a fifth to $24 billion for 2013 as it benefits from a cost-cutting drive that spans managing its documents more efficiently to telling staff to use business class air travel less.

* RSA - British insurer RSA said it is considering measures to strengthen its balance sheet, including raising capital by way of a rights issue.

* ASSOCIATED BRITISH FOODS - The company maintained full-year earnings expectations as a strong first-half performance from its Primark discount fashion chain offset more weakness in its sugar business.

* TESCO - The British retailer is to cut prices and modernise more of its stores to try to counter flagging sales in the UK. Philip Clarke, chief executive, will tell investors at a presentation on Tuesday that price cuts and store revamps are needed, The Daily Telegraph reported on Monday.

The Financial Times said on Friday that Tesco is considering reducing its exposure to Turkey.

* ROLLS ROYCE - The company won a $90.1 million engine contract for US Marine Corp MV-22 aircraft.   Continuación...