UK Stocks-Factors to watch on February 11

Reuters
02-11
UK Stocks-Factors to watch on February 11

Feb 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.05%.

* UK RETAIL: British retailers reported a reasonable start to 2025 after a disappointing 2024 but are concerned about rises in employment costs in April and broader inflation pressures, a trade body said on Tuesday

* SABA CAPITAL: Saba Capital Management has added more UK investment trusts to its activist campaign and plans to further shake up the sector.

* OIL: Oil prices were steady on Tuesday as traders digested another round of trade tariffs, this time a 25% levy on all U.S. imports of steel and aluminium.

* METALS: London aluminium traded in a tight range near its three-week high on Tuesday as investors weighed risks of a major global trade war.

* GOLD: Gold prices soared to a record high on Tuesday, as investors flocked to the safe-haven asset after U.S. President Donald Trump imposed new 25% tariffs on steel and aluminium imports.

* FTSE: London's blue-chip FTSE 100 closed at an all-time high on Monday, boosted by oil major BP, while a rise in precious metal miners also powered gains on the index.

* UK CORPORATE DIARY:

BP Plc

BP.L

Q4 Results

Bellway Plc

BWY.L

Trading update

Dunelm

DNLM.L

Interim results

PZ Cussons

PZC.L

Interim results

MJ Gleeson

GLEG.L

Interim results

Wynnstay Plc

WYWYN.L

FY results

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS> Financial Times PRESS/FT> Other business headlines PRESS/GB

(Reporting by Raechel Thankam Job)

((RaechelThankam.Job@thomsonreuters.com;))

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