UPDATE 1-UK Stocks-Factors to watch on July 4

lunes 4 de julio de 2016 02:30 GYT
 

(Adds futures)

July 4 (Reuters) - Britain's FTSE 100 index is seen opening 0.3 percent higher on Monday, according to financial bookmakers, with futures up 0.68 percent ahead of the cash market open.

* The UK blue-chip index closed 1.1 percent higher on Friday at 6,577.83, climbing to a 10-month high and recording its biggest weekly rise in 4-1/2 years, as hopes of fresh Bank of England stimulus lent momentum to a rebound from the slump that followed the previous week's Brexit vote.

* LSE: Shareholders of the London Stock Exchange will vote on Monday on whether to back a $27 billion merger with Deutsche Boerse, even though the deal may have to be tweaked following Britain's decision to leave the European Union.

* RIO TINTO: Rio Tinto will keep a newly formed division that includes troublesome coal and uranium assets, its newly appointed chief executive told Reuters, brushing off expectations it would consider a spin off and eventual sale.

* UK BANKS: A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave.

* UK BANKS: Facing the prospect of their first UK recession, Britain's small specialist lenders could struggle to cope with a downturn, especially in the small and medium-sized business sector that is their lifeblood.

* BREXIT: British finance minister George Osborne is planning to cut corporation tax to less than 15 percent in an attempt to offset the shock to investors of the country's decision to leave the European Union, the Financial Times reported on Sunday.   Continuación...