UPDATE 1-UK Stocks-Factors to watch on March 9

miércoles 9 de marzo de 2016 03:26 GYT
 

(Adds futures in paragraph 1, G4S item)

March 9 (Reuters) - Britain's FTSE 100 index is seen opening unchanged to up by 0.1 percent on Wednesday, according to financial bookmakers, with futures up 0.21 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed 0.9 percent lower at 6,125.44 on Tuesday, as big mining companies came under pressure after a report showed exports had fallen in China, the world's biggest consumer of metals.

* G4S: G4S, the world's largest security firm, said it planned to exit a number of its businesses in the next two years as part of an ongoing restructuring plan, after it posted 5.7 percent rise in full-year profit to 427 million pounds.

* LSEG: Deutsche Boerse and the London Stock Exchange are targeting cost savings of more than 300 million euros ($331 million) once a merger of the two exchanges is completed, three people familiar with the matter said.

* TESCO: Britain's biggest supermarket group Tesco is looking to buy O2 out of a joint venture by acquiring the part of Tesco Mobile it does not already own, the Telegraph reported. (bit.ly/1Xbb3SK)

* BANK OF ENGLAND: The Bank of England (BoE) is still more likely to raise interest rates than to cut them over the next two years, and has plenty of scope to stimulate the economy if needed, central bank policymaker Martin Weale said.

Weale also said a recent recovery in oil and commodity prices confirmed his view that the sell-off in financial markets at the start of 2016, which some investors saw as a warning sign about the world economy, was speculative.

* CHINA: China can accept slightly lower economic growth as long as employment remains stable and incomes continue to rise, a senior official of the country's cabinet research unit said on Wednesday.   Continuación...