UPDATE 2-UK Stocks-Factors to watch on Jan 20
Jan 20 Britain's FTSE 100 index is seen opening up 9 points at 7,217 on Friday, according to financial bookmakers, with futures up 0.08 percent ahead of the cash market open.
Dec 15 Trivago GmbH, the hotel search platform that is majority owned by U.S. online travel firm Expedia Inc, raised $287 million in an initial public offering (IPO) on Thursday, far below expectations, according to a person familiar with the matter.
The underwhelming pricing of the Düsseldorf, Germany-based company's offering reflects some concerns among investors, in a challenging year for technology IPOs, that it may be too reliant on a few online travel companies for its revenue.
Trivago priced 26.1 million American depository shares (ADS) on Thursday, fewer than its planned 28.5 million. At $11 an ADS, the pricing was also below its indicated range of $13 and $15, the source said, asking for anonymity become the details are not yet public. Expedia and Trivago did not immediately respond to a request for comment. (Reporting by Lauren Hirsch; Editing by Sandra Maler)
* CTT will be tier-1 supplier to Boeing and the CTT products will be offered as supplier furnished equipment in the 777X catalogue Source text for Eikon: Further company coverage: (Gdynia Newsroom)
SHANGHAI, Jan 20 China has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves to relieve pressure in its financial system as demand for cash surges ahead of the Lunar New year holiday, three sources with direct knowledge of the matter said.