UPDATE 1-UK Stocks-Factors to watch on April 7

jueves 7 de abril de 2016 02:20 GYT
 

(Adds futures, Marks & Spencer)

April 7 (Reuters) - Britain's FTSE 100 index is seen opening up 8 points, or 0.13 percent, on Thursday, according to financial bookmakers, with futures up 0.40 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed up 70.40 points, or 1.2 percent, on Wednesday at 6,161.63, boosted by pharmaceuticals companies as Pfizer pulled out of a deal for Allergan, prompting speculation over other merger and acquisition activity in the sector.

* MARKS & SPENCER: British retailer Marks & Spencer on Thursday reported another fall in quarterly underlying sales in its clothing division, illustrating the extent of the challenge facing its new boss.

* BP: Shareholder advisory firm Glass Lewis has recommended that investors in BP vote against Chief Executive Bob Dudley's proposed $19.6 million remuneration for 2015 after the British oil and gas company recorded its biggest annual loss.

* TATA STEEL: India's Tata Steel will launch the formal sale process for its British assets by Monday and give a "reasonable" timeframe to find a buyer, Britain's business minister said after meeting the company's chairman in Mumbai.

* UK BANKS: Three of Britain's largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank.

* PREMIER FOODS: Britain's Premier Foods Plc said it had held "constructive" talks with U.S. spice company McCormick & Co Inc and that it would meet its main institutional investors over the next few days.   Continuación...