March 14, 2017 / 7:47 AM / a year ago

UPDATE 2-UK Stocks-Factors to watch on March 14

 (Adds company news item)
    March 14 (Reuters) - Britain's FTSE 100         index is seen opening up 4.7
points on Tuesday, according to financial bookmakers, with futures         up
0.2 percent ahead of the cash market open.   

    * SIG: British building materials suppler SIG         cut its dividend by 20
percent and named a new chief executive on Tuesday as it battles to recover from
a November profit warning.             
    * OCADO: Ocado         , the British online supermarket that has been
testing investors' patience with its failure to land an overseas deal, said
there were signs of pricing pressures in the market, though it did maintain its
rate of sales growth in its latest quarter.             
    * CLOSE BROTHERS GROUP: British lender Close Brothers Group         
reported a 21 percent rise in first-half adjusted operating profit, driven by
strength in its core banking business and higher trading income from market
maker Winterflood.             
    * TP ICAP: TP ICAP Plc's           full-year revenue just beat analyst
forecasts as U.S. stocks' record-setting rally and expectations of further U.S.
rate hikes spurred trading volumes for the financial broker.             
    * ANTOFAGASTA: Chilean copper miner Antofagasta          on Tuesday reported
a surge in full-year earnings on lower costs and better prices, saying it
expected commodity prices to improve further this year.             
    * BHP BILLITON: BHP Billiton         on Monday invited striking workers at
its Escondida copper mine in Chile, the world's largest, to return to the
negotiating table, after they rejected a similar approach on
    * AMEC FOSTER WHEELER-JOHN WOOD: Oil services company Wood Group        has
agreed to buy rival Amec Foster Wheeler          for 2.2 billion pounds ($2.7
billion), seeking rewards from the fast-growing U.S. shale energy
    * MISYS : U.S. investment firm Vista Equity Partners said on Monday it would
buy Canada's DH Corp         in a deal valued at C$4.8 billion ($3.6 billion),
highlighting the growing interest in companies specializing in financial
technology. Vista will combine DH with one of its portfolio companies, UK-based
financial software firm Misys IPO-MISY.L, which scrapped a planned London
listing last year.            
    * IPO: Iran's top cargo shipping company has held meetings in London to
discuss a possible listing on the London Stock Exchange, but has so far been
thwarted by U.S. sanctions that still scare banks off Iranian business, four
Iranian and two Western sources said.            
    * BANK OF ENGLAND: Bank of England's incoming deputy governor Charlotte
Hoggs's future is in the balance with the treasury committee set to release a
report about her suitability for the post, the Financial Times reported.
    * OIL: Crude oil prices hovered near three-month lows on Tuesday in Asian
trading, with investors waiting for key reports and data that may shed light on
a supply overhang in the global market.            
    * BREXIT: Prime Minister Theresa May has won the right to launch divorce
proceedings with the European Union and begin two years of talks that will shape
the future of Britain and Europe.            
    * The UK blue chip FTSE 100         index ended up 0.3 percent at 7,367.08
points on Monday, as mining stocks rallied, with deal-making helping the mid cap
index         to a record high.            
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    > Financial Times                                
    > Other business headlines                       
 Multimedia versions of Reuters Top News are now available for:
 * 3000 Xtra    : visit
 * For Top News :

 (Reporting by Siju Varghese; Editing by Sunil Nair)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below