UK Stocks-Factors to watch on Sept. 16
Sept 16 (Reuters) - Britain's FTSE 100 index is seen opening down about 6 points, or as much as 0.09 percent lower on Friday, according to financial bookmakers. * The UK blue chip index closed up 0.9 percent at 6,730.30 points on Thursday, led higher by a jump in Morrisons after a rise in its first-half profit for the first time in four years, but Next slumped following poor results. * PHOENIX GROUP: Deutsche Bank AG is nearing a deal to sell its British insurance business Abbey Life Assurance Co to Phoenix Group Holdings , a person close to the matter told Reuters. * HSBC: HSBC Holdings Plc on Thursday won the dismissal of a lawsuit by former Bernard Madoff customers who accused the British bank of fueling his massive Ponzi scheme by ignoring red flags and encouraging "feeder funds" to invest with him. * ROYAL DUTCH SHELL: The Dutch parliament adopted a motion on Thursday ordering the government to evaluate every year whether gas production at the country's Groningen field can be reduced further. The Groningen gas field is operated by NAM, a joint venture between Royal Dutch Shell and Exxon Mobil Corp. * UK ENERGY: NuGen, a joint venture between Japan's Toshiba and France's Engie, is looking for financing worth 12 to 15 billion pounds ($20 billion) to build three nuclear reactors in Britain, its CEO said on Thursday. * GUARDIAN: Guardian Media Group is to cut costs in the U.S. in response to challenging market conditions in an attempt to break even in the country by the next financial year, the Guardian reported on Thursday. bit.ly/2cYbm7H * OIL: Oil prices fell on Friday on worries that U.S. rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut. * COPPER: London copper edged to a three-week peak on Friday amid holiday-thinned trade, and was set to log its largest weekly rise in two months as China's economy shows signs of finding its feet. * UK PROPERTY: UK commercial property values fell less sharply in August than the month before, a closely-watched index showed on Thursday, suggesting concerns about the impact of Britain's vote to leave the European Union on the sector may be easing. * BREXIT: British Foreign Secretary Boris Johnson said on Thursday London's financial sector was a "massive asset" to the whole of Europe and should not be weakened by Britain's decision to leave the European Union. * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets * UK CORPORATE DIARY: Mereo BioPharma Group PLC Half Year Investec PLC Pre-Close Briefing TODAY'S UK PAPERS > Financial Times > Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Pranav Kiran in Bengaluru; Editing by Amrutha Gayathri)
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