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UPDATE 1-UK Stocks-Factors to watch on Feb. 28

Published 02/28/2020, 04:04 PM
Updated 02/28/2020, 04:08 PM
UPDATE 1-UK Stocks-Factors to watch on Feb. 28

(Adds futures, news items)
Feb 28 (Reuters) - Britain's FTSE 100 .FTSE index is down
3.3% on Friday.

* LSE: The London Stock Exchange Group LSE.L said it would
complete its $27 billion takeover of analytics company Refinitiv
on time this year as it reported higher-than-expected annual
income, driven a jump in clearing activity. * ROLLS-ROYCE: Aerospace engineer Rolls-Royce RR.L
reported a 2019 operating loss of 852 million pounds ($1.11
billion), after the cost of tackling durability problems with
its Trent 1000 engine eclipsed record engine deliveries and a
good after-market performance. * IAG: British Airways-owner IAG ICAG.L said coronavirus
would hit earnings this year but it does not know by how much,
as it warned weakening demand would cause further flight
cancellations in the coming days. * NOVACYT: Biotechnology company Novacyt ALNOV.PA ,
NCYT.L announced deals for its "Primerdesign" product, which
is aimed at testing for the coronavirus currently afflicting
China and other parts of the world. * PLUS500: Online trading platform Plus500 PLUSP.L
reported a significant increase in customer trading activity in
the current quarter, as financial markets were rattled by
growing fears about the global economic impact of the
coronavirus outbreak. * CORONAVIRUS: Bank of England Governor Mark Carney said
Britain should prepare for an economic hit as fallout from the
novel coronavirus outbreak deepens. * EASYJET: British budget airline easyJet EZJ.L warned it
had seen a "significant" softening of demand into and out of its
northern Italian bases and a reduction across its other European
markets due to coronavirus. * FOXTONS: Real estate agent Foxtons FOXT.L reported a 30%
plunge in adjusted core profit for 2019 as Britons bought and
sold fewer homes and its letting business was hurt by the ban on
tenant fees. * IAG: British Airways, owned by IAG ICAG.L , said it would
cancel some flights to and from Italy, Singapore and South
Korea, as a result of reduced demand for travel to the areas due
to coronavirus outbreaks. * NMC Health: Britain's Financial Conduct Authority will
investigate NMC Health NMC.L , the UAE healthcare company said
on Thursday, after trading in its shares on the London stock
exchange was suspended.
* OIL: Oil prices fell for a sixth straight session and were
on track for about a 12% weekly fall, the biggest in more than
four years, as the spread of the coronavirus outside China
raised fears of slowing global demand. O/R
* London stocks plummeted on Thursday, with both benchmark
indexes briefly confirming a correction, as a sharp rise in the
number of coronavirus cases outside China raised fears of a
global pandemic and crippled risk appetite. 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

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