June 15, 2017 / 5:37 AM / a year ago

UK Stocks-Factors to watch on June 15

    June 15 (Reuters) - Britain's FTSE 100 index is seen opening 3
points lower on Thursday, according to financial bookmakers. 
    * ACACIA MINING: Barrick Gold, which owns 63.9 percent of Acacia Mining PLC
, said its chairman and Tanzania's president met on Wednesday and agreed
to hold talks aimed at resolving an escalating dispute over an export ban which
has hit Acacia.
    * BARCLAYS: Expectations have increased among current and former Barclays
 executives that the Serious Fraud Office (SFO) plans to charge both the
bank and individuals with regard to the inquiry on arrangements struck with a
Qatari sovereign wealth fund in 2008, Sky News reported on Wednesday. bit.ly/2rsUFrH
    * BRITAIN-INSURANCE: New rules to determine lump sum payouts for personal
injury claims will cost British motor insurers and reinsurers 3.5 billion pounds
($4.5 billion) initially, consulting firm EY estimates.
    * U.S. FED RATE HIKE: The Federal Reserve raised interest rates on Wednesday
for the second time in three months and said it would begin cutting its holdings
of bonds and other securities this year, signaling its confidence in a growing
U.S. economy and strengthening job market.
    * U.K. ELECTION-BREXIT: British Prime Minister Theresa May edged closer to
clinching a deal to stay in power with the support of Northern Irish kingmakers
on Wednesday, but faced a battle over Brexit just days before divorce talks are
due to begin.
    * CHINA CEN BANK: China's central bank left interest rates for open market
operations unchanged on Thursday, despite its U.S. counterpart increasing its
key policy rate overnight.
    * OIL: Oil prices wallowed near their lowest levels in seven months early on
Thursday, hurt by high global inventories and doubts over OPEC's ability to
implement production cuts.
    * GOLD: Gold edged up on Thursday from a near three-week low hit in the
previous session, supported by softer U.S. economic data and a fall in Asian
shares following a report that President Donald Trump was being probed for
possible obstruction of justice.
    * LONDON COPPER: London copper dipped to its lowest in a week on Thursday
after the U.S. Federal Reserve raised rates for the second time this year,
boosting financing costs for industry.
    * EX-DIVS: 3I Group, Persimmon, Severn Trent will
trade without entitlement to their latest dividend pay-out on Thursday, trimming
2.48 points off the FTSE 100 according to Reuters calculations 
    * The UK blue chip index closed 0.35 percent lower at 7500.44 points on
Wednesday, as a late drop in crude prices hit oil stocks, more than offsetting
gains in housebuilders following a well-received update from Bellway.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Majestic Wine                  Full Year 2017 Earnings Release
 Drax Group                     Trading Statement Release
 Safestore Holdings             Half Year 2017 Earnings Release
 PZ Cussons                     Trading Update
 WS Atkins                      Preliminary results
    > Financial Times                     
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 (Reporting by Justin George Varghese; Editing by Sherry Jacob-Phillips)
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