September 13, 2016 / 5:41 AM / 2 years ago

UK Stocks-Factors to watch on Sept 13

Sept 13 (Reuters) - Britain's FTSE 100 index is seen opening up 26
to 30 points, or 0.4-0.5 percent, on Tuesday, according to financial bookmakers.
    * The UK blue chip index closed down 1.1 percent at 6,776.95 points on
Monday, led lower by a slump in AB Foods, as stocks and bonds were sold
off across the world on nervousness about central bank policies. 
    * HSBC: HSBC's retail banking and wealth management head John Flint
expects banks to partner more with financial technology (fintech) companies in
the coming years to help meet changing demands from customers. 
    * WM MORRISON: While investors have had their sights trained on the biggest
names slugging it out in Britain's supermarket price war, one former struggler,
Morrisons, may be embarking on a quiet revolution. 
    * LLOYD'S OF LONDON: The Lloyd's of London insurance market has a queue of
companies wanting to join, Chairman John Nelson said on Monday, even as
Britain's vote to leave the European Union casts doubt over its European
    * TATA STEEL: Industrial and commodities group Liberty House is in pole
position to buy Tata Steel's speciality and pipe businesses in a deal
that could save close to 2,000 jobs, the Telegraph reported on Monday.
    * TATA STEEL: The U.S. International Trade Commission handed another victory
to American steelmakers, affirming most of the recent anti-dumping and
anti-subsidy duties on hot-rolled flat steel imports from Australia, Brazil,
Britain, Japan, the Netherlands, South Korea and Turkey. Britain's Tata Steel UK
 will pay U.S. anti-dumping duties of about 33 percent, while Tata
Steel's Netherlands operations face final dumping duties of 3.73 percent.
    * ABERDEEN ASSET MANAGEMENT: The Financial Conduct Authority has raised the
amount of money Aberdeen Asset Management must hold as a capital buffer,
in the latest sign of heightened scrutiny of the city's money managers, the
Telegraph reported.
    * BANK OF ENGLAND: The Bank of England said it would start to buy 10 billion
pounds ($13.3 billion) worth of sterling corporate bonds via reverse auctions on
Sept. 27, as part of the economic stimulus measures it announced last month.
    * J D WETHERSPOON: J D Wetherspoon Plc, the pub chain, has become
the latest British company to offer staff on zero-hours contracts the
opportunity to move to permanent hours, the Guardian reported on Monday.
    * STERLING: Sterling steadied on Monday after its first week of losses in
four, with traders debating whether the currency had topped out for the moment
as they awaited a speech by U.S. Federal Reserve board member Lael Brainard.
    * COPPER: London copper held above a 12-week low on Tuesday, underpinned by
a raft of rosier China data and after comments by a Federal Reserve official
that assuaged concerns the U.S. central bank could hike rates as soon as next
    * OIL: Oil prices fell in early trade on Tuesday on concerns over increased
drilling in the United States and as investors took profits after oil prices
rose close to 1 percent in the previous session. 
    * BREXIT: Britain's shock vote to leave the European Union chilled
deal-making activity involving British companies to the lowest level in at least
two decades as bosses grapple with what Brexit will cost, Thomson Reuters data
    * BREXIT: Britain will make public its guidelines for talks on leaving the
European Union by the time it triggers the exit process, Brexit minister David
Davis said on Monday, in the first indication of when Britons will find out what
the government hopes to achieve in the talks. 
    * DAVID CAMERON: Britain's former prime minister David Cameron said he was
resigning from his seat in parliament to avoid becoming a distraction for his
successor, ending his political career just weeks after he lost a referendum to
stay in the European Union. 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Good Energy Group PLC                    Half Year
 Flowtech Fluidpower PLC                  Half Year
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 (Reporting by Pranav Kiran in Bengaluru; Editing by Sherry Jacob-Phillips)
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