September 16, 2016 / 5:31 AM / 2 years ago

UK Stocks-Factors to watch on Sept. 16

Sept 16 (Reuters) - Britain's FTSE 100 index is seen opening down
about 6 points, or as much as 0.09 percent lower on Friday, according to
financial bookmakers.
    * The UK blue chip index closed up 0.9 percent at 6,730.30 points on
Thursday, led higher by a jump in Morrisons after a rise in its
first-half profit for the first time in four years, but Next slumped
following poor results. 
    * PHOENIX GROUP: Deutsche Bank AG is nearing a deal to sell its
British insurance business Abbey Life Assurance Co to Phoenix Group Holdings
, a person close to the matter told Reuters. 
    * HSBC: HSBC Holdings Plc on Thursday won the dismissal of a
lawsuit by former Bernard Madoff customers who accused the British bank of
fueling his massive Ponzi scheme by ignoring red flags and encouraging "feeder
funds" to invest with him. 
    * ROYAL DUTCH SHELL: The Dutch parliament adopted a motion on Thursday
ordering the government to evaluate every year whether gas production at the
country's Groningen field can be reduced further. The Groningen gas field is
operated by NAM, a joint venture between Royal Dutch Shell and Exxon
Mobil Corp. 
    * UK ENERGY: NuGen, a joint venture between Japan's Toshiba and
France's Engie, is looking for financing worth 12 to 15 billion
pounds ($20 billion) to build three nuclear reactors in Britain, its CEO said on
    * GUARDIAN: Guardian Media Group is to cut costs in the U.S. in response to
challenging market conditions in an attempt to break even in the country by the
next financial year, the Guardian reported on Thursday.
    * OIL: Oil prices fell on Friday on worries that U.S. rig counts would
continue to rise and that returning Libyan and Nigerian exports would stoke a
global supply glut. 
    * COPPER: London copper edged to a three-week peak on Friday amid
holiday-thinned trade, and was set to log its largest weekly rise in two months
as China's economy shows signs of finding its feet. 
    * UK PROPERTY: UK commercial property values fell less sharply in August
than the month before, a closely-watched index showed on Thursday, suggesting
concerns about the impact of Britain's vote to leave the European Union on the
sector may be easing. 
    * BREXIT: British Foreign Secretary Boris Johnson said on Thursday London's
financial sector was a "massive asset" to the whole of Europe and should not be
weakened by Britain's decision to leave the European Union. 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Pranav Kiran in Bengaluru; Editing by Amrutha Gayathri)
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