UK Stocks-Factors to watch on April 20

miércoles 20 de abril de 2016 01:39 GYT
 

April 20 (Reuters) - Britain's FTSE 100 index is seen opening down
20 points, or 0.3 percent lower on Wednesday, according to financial bookmakers.
For more on the factors affecting European stocks, please click on 
    
    * The UK blue chip index closed up 51.83 points higher on Tuesday at
6,405.35, having risen to its highest level in four months, lifted by stronger
mining and banking stocks. 
    * BHP BILLITON: Mining giant BHP Billiton  followed rival
Rio Tinto  in trimming its iron ore output guidance on
Wednesday, helping to ease pressure on an oversupplied market. 
    * BHP BILLITON: BHP Billiton  is considering quitting its
coal assets in Indonesia, where it recently started shipping steel-making coal
from a small mine, amid uncertainty over Indonesian regulations and a weak
outlook for coal. 
    * RANDGOLD RESOURCES: Randgold Resources has entered a joint venture
in the Democratic Republic of Congo with a company controlled by Israeli
billionaire Dan Gertler and a state miner, the company's chief executive said on
Tuesday.  
    * STANDARD LIFE: Indian mortgage lender Housing Development Finance Corp
 said on Tuesday it plans to list up to 10 percent of its life
insurance joint venture with Britain's Standard Life Plc in an initial
public offering (IPO). 
    * HSBC: Battling against sceptical Western investors, HSBC, is on a
mission to explain why its push into a slowing China is good for the global
bank's future growth.  
    * UK BANKS: The Bank of England is too optimistic about being able to close
big banks smoothly if they run into trouble and lenders should hold far more
capital to keep the financial system safe, the architect of a major banking
reform said on Tuesday. 
    * UK FCA: British finance minister George Osborne said he would give
parliament the right to veto future appointments to run the country's Financial
Conduct Authority, which has sweeping powers over the banking industry.
 
    * UK STEEL: Managers at Tata's Port Talbot steelworks have been
briefed about a potential management buyout plan, Sky News reported on Tuesday,
citing sources. 
    * INSURERS: Global insurers expect private equity to produce the highest
returns in the next year and a quarter plan to increase allocations to the asset
class, a Goldman Sachs Asset Management survey showed on Wednesday. 
    * SILVER: Silver rallied to an 11-month high on Wednesday, lifting gold for
a second session and sending platinum to a fresh six-month top, as a softer
dollar and optimism about the Chinese economy buoyed the white metal.
 
    * OIL: Crude futures fell on Wednesday after Kuwaiti oil workers ended a
three-day strike that had cut production from the Middle Eastern country, and
data showed U.S. stockpiles rose last week. 
    * COPPER: London copper floated near a three-week high on Wednesday after a
stream of encouraging signals on China's economy and a revival in oil prices
lifted sentiment towards commodities.   

    * UK CORPORATE DIARY:
    
 Punch Taverns PLC                          Half Year
 Moneysupermarket.Com Group PLC             Q1 
 EVRAZ plc                                  Q1 Production Results
 Motif Bio PLC                              Full Year 
 Travis Perkins PLC                         Q1 
 GKN PLC                                    Q1 
 ARM Holdings PLC                           Q1 
 Hochschild Mining PLC                      Q1 Production Results
 Relx PLC                                   Q1 
 N Brown Plc                                Full Year 
       
        
    TODAY'S UK PAPERS
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 (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair)