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UK Stocks-Factors to watch on February 17

ReutersFeb 17, 2025 5:30 AM

- Britain's FTSE 100 .FTSE index is seen opening flat on Monday, with futures FFIc1 down 0.03%.

BP: BP said on Sunday it had started production from the second development phase of the Raven field offshore Egypt.

STEEL: Britain published a major consultation for its steel industry on Sunday, weeks ahead of schedule due to President Donald Trump's announcement of fresh tariffs on all steel imports into the United States.

AVIVA: Indian authorities have ordered Aviva's local unit to pay $7.5 million in back taxes and penalties.

HSBC: Investors in HSBC are backing management attempts to shutter parts of its investment bank.

ASSURA: Healthcare real estate investment trust Assura said on Friday it had received a preliminary approach from KKR and Universities Superannuation Scheme.

HOUSING: A run-up in asking prices for newly listed homes in Britain has lost steam ahead of an increase in property purchase taxes, according to a Rightmove survey.

OIL: Oil prices fell for a fourth day on expectations a Russia-Ukraine peace deal and on concerns of global tariff wars.

GOLD: Gold prices rose on Monday as the U.S. dollar weakened.

METALS: Copper prices hovered around more than three-month highs, after U.S. President Donald Trump announced plans for reciprocal tariffs, which will not be immediately implemented.

The UK blue-chip index .FTSE fell 0.37% on Friday, dragged down by the pharma sector and a stronger sterling hurting the export-oriented index.

UK CORPORATE DIARY:

MONY Group PLC

MONY.L

Full Year 2024 Group Earnings Release

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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