March 20, 2017 / 6:34 AM / a year ago

UK Stocks-Factors to watch on March 20

    March 20 (Reuters) - Britain's FTSE 100 index is seen opening 1
point higher at 7,426 on Monday, according to financial bookmakers.
    * The UK blue chip FTSE 100 index ended 0.1 percent higher at
7,424.96 points on Friday, closing at a record level but with a stronger
sterling capping gains.
    * UNILEVER: Unilever is preparing a 6 billion pound ($7.44 billion)
sale of some of its food brands, British newspapers reported on
    * BHP BILLITON: The labor union at the world's largest copper mine, BHP
Billiton's Escondida in Chile, called a fresh offer of talks by
management to end a 39-day strike "manipulative."
    * RBS: Lawyers representing tens of thousands of Royal Bank of Scotland
(RBS) shareholders have held tentative talks to settle a 1.2 billion
pound damages claim over the lender's 2008 rights issue that was launched
shortly before a state bailout, two sources said.
    * PETROFAC/WOOD GROUP: Canada's SNC-Lavalin and Petrofac
are eyeing Wood Group and Amec Foster Wheeler with the aim of
acquiring assets and contracts likely to be divested by the UK pair as a result
of their 2.2 bln pounds merger, the Financial Times reported on
    * ASTRAZENECA: A newer class of type 2 diabetes drugs significantly cut the
risk of death and hospitalization for heart failure compared with other
medicines for the disease, according to data released on Sunday from a so-called
real world study sponsored by AstraZeneca.
    * MELROSE: Melrose Industries bosses are likely to be handed shares
worth more than 150 mln pounds, Sky News reported on Sunday.  
    * BRITAIN HOUSING: Asking prices for homes in England and Wales are showing
above-average increases as a shortage of properties for sale outweighed any
nervousness about Brexit, a survey published by property data firm Rightmove
showed on Monday.
    * BREXIT: Prime Minister Theresa May will visit Wales on Monday as part of a
plan to engage with all the nations of the United Kingdom before she formally
launches Britain's departure from the European Union.
    * OIL: Oil prices fell on Monday as rising U.S. drilling activity and steady
supplies from OPEC countries despite touted production cuts pressured
already-bloated markets.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Phoenix Group        PHNX.L       Full Year 2016
 One Media IP Group   OMIP.L       Full Year 2016
 MaxCyte Inc          MXCT.L       Full Year 2016
 JKX Oil and Gas      JKX.L        Full Year 2016
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 (Reporting by Siju Varghese; Editing by Amrutha Gayathri)
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