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UPDATE 1-UK Stocks-Factors to watch on Jan. 24

Published 24/01/2020, 08:52
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Jan. 24
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(Adds company news items and futures)

Jan 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 44

points higher at 7,552 on Friday, according to financial bookmakers, with

futures up 0.76% ahead of cash markets open.

* VIRGIN MONEY: Virgin Money UK VMUK.L said its chairman Jim Pettigrew is

planning to retire by September 2021 when his tenure on the board will reach

nine years. * JUST EAT: Dutch online food ordering service Takeaway.com TKWY.AS said

90.2% of Just Eat JE.L shareholders have tendered shares to its takeover

offer, and that the company will begin a squeeze-out process to acquire the

rest. * PREMIER OIL: Hedge fund Asia Research and Capital Management (ARCM) raised

fresh concerns over Premier Oil's PMO.L plan to have its creditors vote on the

planned acquisition of North Sea assets under a scheme that allows it to delay

debt repayments and issue new shares. * COPPER: London copper edged higher on after the World Health Organization

(WHO) said a new coronavirus outbreak in top metals consumer China is not yet a

global emergency, but prices were set for their biggest weekly drop in 17

months. * GOLD: Gold edged lower after the World Health Organisation stopped short

of declaring the China virus outbreak a global emergency, though prices were

still on track to post a weekly gain. * OIL: Oil prices were steady, but on track for a fall of up to 5% for the

week on growing concern that fuel demand will weaken as the spread of a

respiratory virus from China that has killed 25 so far dents travel and darkens

the economic outlook. * UK shares lost roughly 1% on Thursday as worries over the spread of a new

flu-like virus from China forced dealers to dump risky assets, while financial

stocks tumbled across the board after the European Central Bank kept interest

rates at a record low level. UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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