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UPDATE 1-UK Stocks-Factors to watch on Jan 16

ReutersJan 16, 2025 7:50 AM

Adds new items, updates futures

- Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.4%.

* TAYLOR WIMPEY: Taylor Wimpey TW.L said it was well placed to build more homes in 2025 than last year, while flagging increased build cost pressure as the British housing sector navigates affordability and broader economic concerns.

* WHITBREAD: Premier Inn owner Whitbread WTB.L reported a modest increase in its total accommodation sales in the UK for a six-week period, and reaffirmed its full-year 2025 forecast, supported by strong sales in its German market.

* PEARSON: British education company Pearson PSON.L said its 2024 operating profit would rise by about 10% after demand for its assessments, qualifications and English language learning courses helped sales grow by 3% in the year.

* ANTOFAGASTA: Antofagasta ANTO.L reported a modest 1% rise in its 2024 copper production to 664,000 metric tons, below its guidance.

* PETERSHILL PARTNERS: British investment group Petershill Partners PHLL.L said it sold its majority stake in venture capital firm General Catalyst for $726 million.

* CAB PAYMENTS: British money transfer group CAB Payments CABP.L said it would cut about 20% of its jobs as it aims to slash costs.

* UK ECONOMY: Britain's economic output rose for the first time in three months in November but by less than expected, edging up by 0.1% from October, National Statistics data showed.

* RACHEL REEVES: Britain's finance minister Rachel Reeves said she would press regulators on what more her government can do to deliver growth.

* OIL: Oil prices gained for a second session.

* EX-DIVS: Compass Group CPG.L and Diploma DPLM.L will trade without entitlement to their latest dividend pay-outs on Thursday.

* 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 Yamini Kalia and DhanushVignesh Babu in Bengaluru)

((Yamini.Kalia@thomsonreuters.com;))

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