UK Stocks — Factors to watch on Feb 2

LONDON, Feb 2 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index is seen opening
down 18-19 points, or 0.4 percent on Tuesday, according to financial
bookmakers, retreating slightly after solid gains in the previous session with
investors awaiting some key corporate news, notably results from oil giant BP.

The UK blue chip index closed 58.89 points, or 1.1 percent higher on Monday
at 5,247.41 supported by upbeat U.S. manufacturing data, with banks and
commodity issues topping the list of gainers.
No important domestic economic data is due for release on Tuesday, and the
only U.S. pointer of real interest will be December pending home sales, so macro
attention will remain directed ahead to Thursday’s Bank of England interest rate
decision and the December U.S. jobs report, due on Friday.

Investors were digesting Australia’s central bank’s surprise decision to
keep rates steady at 3.75 percent on Tuesday.

* GLOBAL MARKETS-Asia shares rebound; resource stocks surge [ID:nSGE611008]

* US STOCKS-Wall St rallies on ISM manufacturing data, Exxon [ID:nN01209261]

* Nikkei rises 1.6 pct on yen and Toyota [ID:nTOE611070]

* FOREX-Dlr off 6-mth highs, Aussie up ahead of rate call [ID:nTOE61100W]

* TREASURIES-Steady in Asia before key jobs data [ID:nTOE61102Z]

* Oil trims gains after $75 hit, dollar stronger [ID:nSGE61106E]

* PRECIOUS-Gold steady near $1,105; eyes U.S. jobs data [ID:nTOE61103R]

* METALS-Shanghai copper rises chasing LME gains [ID:nSGE61103K]

UK stocks to watch on Tuesday are:

BP (BP.L: )

The oil major posts fourth-quarter results.

CADBURY (CBRY.L: )

Kraft Foods (KFT.N: ) is expecetd to clinch just enough support for Cadbury
shareholders on Tuesday to sneak its controversial 11.7 billion pounds takeover
deal over the finishing line, the Daily Mail said.

ROYAL BANK OF SCOTLAND (RBS.L: )

RBS has written to investors detailing the bank’s pay deal which will see
bankers receiving their bonuses entirely in shares but with the option to
convert a large portion into cash within 12 weeks, The Daily Telegraph said.

BANKS

Virgin Money’s new chairman Brian Pitman said on Monday he is interested in
buying Lloyds (LLOY.L: ) and RBS (RBS.L: ) branches if the locations are right.
[ID:nLDE6102H0]

CENTRICA (CNA.L: )

The owner of British Gas has announced plans to produce biomethane from farm
and food waste and sewage sludge in order to pipe “green” gas into homes for
heating, The Times said.

TOBACCOS

British American Tobacco (BATS.L: ) and Imperial Tobacco (IMT.L: ), the FTSE 100
cigarette manufacturers, have criticised plans by the Government to regulate the
industry, The Daily Telegraph said.

IMPERIAL TOBACCO (IMT.: )

The cigarette manufacturer holds its annual general meeting.

ARM HOLDINGS (ARM.L: )

The chip designer reports fourth-quarter results.

DAIRY CREST GROUP (DCG.L: )

The dairy products firm will issue a trading update.

BABCOCK INTERNATIONAL (BAB.L: )

The engineering contractor issues a trading update.

SHANKS GROUP (SKS.L: )

The waste management firm issues a trading update.

MAXIMA HOLDINGS (MXM.L: )

The software firm delivers second-quarter results.

NWF GROUP (NWF.L: )

The warehousing and distribution group reports first-half results.

NUMIS CORPORATION (NUM.L: )

The stockbroker holds its annual general meeting.

Stock investing

(Reporting by Jon Hopkins; Editing by Tricia Wright)

UK Stocks — Factors to watch on Feb 2