June 9, 2017 / 5:35 AM / a year ago

UK Stocks-Factors to watch on June 9

    June 9 (Reuters) - Britain's FTSE 100         index is seen opening 1
percent lower on Friday, according to financial bookmakers.
    * ELECTIONS: Prime Minister Theresa May was fighting to hold on to her job
on Friday as British voters dealt her a punishing blow, denying her the stronger
mandate she had sought to conduct Brexit talks and instead weakening her party's
grip on power.             
    * BREXIT: Britain may have to delay Brexit talks in the absence of a
majority for Prime Minister Theresa May's Conservative Party, JPMorgan said on
    * STERLING: Sterling saw its biggest daily fall since January before
recovering some ground on Friday after exit polls and election results
unexpectedly pointed to Prime Minister Theresa May losing her parliamentary
majority in Britain's election.             
    * TANZANIA MINING: Tanzania plans to introduce a 1 percent clearing fee on
the value of mineral exports in 2017/18 (July-June), its finance minister said
on Thursday, part of government measures aimed at getting a bigger share of
revenues from the east African country's natural resources.             
    * The UK blue chip index benchmark slid steadily throughout the session to
close 0.4 percent lower at 7,449.98 points on Thursday, after the European
Central Bank signalled an end to more interest rate cuts, and ahead of results
from Britain's parliamentary elections.             
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Rahul B in Bengaluru; Editing by Sherry Jacob-Phillips)
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