February 28, 2018 / 5:47 AM / 2 years ago

UK Stocks-Factors to watch on Feb 28

    Feb 28 (Reuters) - Britain's FTSE 100 index is seen opening 53
points lower at 7,230 on Wednesday, according to financial bookmakers.
    * EUROPEAN INSURERS: The Bank of England will not "go soft" on enforcing
European Union capital rules for insurers, but will look at ways to make it
easier for new entrants to boost competition in the industry, its deputy
governor Sam Woods said on Tuesday.
    * UK ENERGY: The market share of Britain's big six energy firms of domestic
customers in the country fell to a record low in 2017, as smaller rivals lured
customers away with cheaper deals, energy regulator Ofgem said on Wednesday.
Britain's big six energy suppliers are Centrica's British Gas, SSE
, E.ON, EDF Energy, Innogy's Npower and
Iberdrola's Scottish Power.
    * UK CAR OUTPUT: British car production was flat in January as a rise in
exports outweighed a drop in domestic demand, an industry body said on
    * BUSINESS SENTIMENT: The mood among British consumers and businesses
worsened slightly in February, according to surveys on Wednesday that suggested
the economy remains on a steady but slow course ahead of Brexit.
    * Comcast's bid for pay-TV group Sky and strong results
from housebuilder Persimmon helped keep Britain's FTSE 100 on an even
keel on Tuesday, as investors digested the first public comments from new
Federal Reserve chairman Jerome Powell. The UK blue chip index closed down 0.1
percent at 7,282.45 points.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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    > Financial Times                     
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 (Reporting by Esha Vaish in Bengaluru)
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