UK Stocks-Factors to watch on Oct. 3

lunes 3 de octubre de 2016 01:32 GYT
 

Oct 3 (Reuters) - Britain's FTSE 100 index is seen opening up 15 points, or 0.2 percent higher on Monday, according to financial bookmakers.

* The UK blue chip index closed 0.3 percent lower on Friday at 6,899.33 points, as miners fell and financials stocks eased on uncertainty over Deutsche Bank's financial health and as a spate of broker downgrades hit outsourcer Capita.

* BREXIT: Britain needs a new plan to balance the competing demands of fixing its still-weak public finances and boosting the economy with infrastructure spending following the vote to leave the European Union, finance minister Philip Hammond is expected to say on Monday.

* BREXIT: Prime Minister Theresa May said on Sunday she would trigger the process to leave the EU by the end of March, offering the first glimpse of a timetable for a divorce that will redefine Britain's ties with its biggest trading partner. The British government is talking to businesses to find out what sort of deal they want from the exit negotiations, she said.

* GSK: GlaxoSmithKline will pay $20 million to settle civil charges that it masked improper bribes to foreign officials in China on its books by disguising them as legitimate travel, entertainment and marketing expenses, U.S. regulators said Friday.

* NATIONAL GRID: Britain's energy regulator Ofgem said on Friday it has granted National Grid approval to transfer its gas transportation license to its new subsidiary National Grid Gas Distribution Limited (NGGD), which is set for sale.

* GLENCORE: Swiss-based ARG International AG, the trading house set up by Glencore Plc's former No. 2 aluminum trader Matt Lucke, is buying a bankrupt smelter in the United States, its first acquisition since its founding nearly three years ago.

* DEUTSCHE BANK: Deutsche Bank is throwing its energies into reaching a settlement before next month's presidential election with U.S. authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed securities.   Continuación...