February 3, 2017 / 7:05 AM / in 9 months

UK Stocks-Factors to watch on Feb 3

Feb 3 (Reuters) - Britain's FTSE 100 index is seen opening down 3
points at 7,137 points on Friday, according to financial bookmakers.
    
    * The UK blue chip index closed 0.5 percent higher at 7,140.75 points on
Thursday, marking its biggest one-day gain in two weeks. The index extended
gains when sterling reversed course after the Bank of England disappointed bets
that interest rates could be hiked by the end of the year. 
    * SHELL: Royal Dutch Shell and Anadarko Petroleum are
renegotiating their five-year-old joint venture in the Permian shale basin in
Texas, Shell Chief Financial Officer Simon Henry said on Thursday.
    * VODAFONE/VERIZON: A New York state appeals court on Thursday said its door
remains open for settlements of merger litigation where shareholders receive no
money, approving an accord tied to Verizon Communications Inc's $130
billion buyout of Vodafone Group Plc's stake in their Verizon Wireless
venture. 
    * BRITAIN HOMES: The number of new homes built in London fell 6 percent last
year and a closely watched indicator of future supply dropped by a third,
industry data showed on Friday, as the Brexit vote hit a market already coming
off record highs. 
    * BRITAIN DRUG: Drugmakers are preparing for Britain to quit Europe's
medicines regulator as part of Brexit, but industry leaders believe the country
can still work closely with the EU agency to agree on drug approvals.
 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:
 Beazley Plc                Full Year Results 
 
    TODAY'S UK PAPERS
    > Financial Times                      
    > Other business headlines             
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 (Reporting by Rahul B in Bengaluru; Editing by Amrutha Gayathri)

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