UK Stocks-Factors to watch on June 9

martes 9 de junio de 2015 01:47 GYT
 

LONDON, June 9 (Reuters) - Britain's FTSE 100 index is seen opening down by 6 to 8 points, or as much as 0.1 percent lower on Tuesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed down by 0.2 percent at 6,790.04 points on Monday.

* HSBC : HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe's biggest bank said on Tuesday.

* TESCO : British retailer Tesco Plc has invited at least six firms including KKR & Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about $6 billion, people familiar with the matter told Reuters.

* UK RETAIL SALES: British retail sales rose in May compared with the same month last year, helped by a recovery in the property market but still disappointing some retailers, an industry survey showed on Tuesday.

* LIBOR: The British trade organisation in charge of benchmark interest rates was warned as far back as 2005 that some banks were deliberately distorting their Libor rates for profit, according to evidence given on Monday at the trial of a former trader accused of rate rigging.

* VIRGIN ATLANTIC: Virgin Atlantic Airways Ltd is looking for government help to safeguard competition if its largest rival buys Irish carrier Aer Lingus Group PLC, Virgin Atlantic's Chief Executive Officer Craig Kreeger told reporters on Monday.   Continuación...