November 16, 2016 / 7:47 AM / in 2 years

UPDATE 2-UK Stocks-Factors to watch on Nov 16

(Adds company news items, updates futures)

Nov 16 (Reuters) - Britain’s FTSE 100 index is seen opening up around 1 percent on Wednesday, according to financial bookmakers, with futures up 0.09 percent ahead of the cash market open.

* The UK blue chip index closed up 0.6 percent at 6,792.74 points on Tuesday, advancing for a second straight day with energy shares tracking a rally in crude oil while supermarket stocks gained after encouraging industry data.

* AGGREKO: Temporary power provider Aggreko Plc said it was reviewing the carrying value of its specialist equipment business as further weakness in the North American oil and gas market weighed on quarterly underlying revenue.

* BRITISH LAND: British Land Company Plc said it expects to proceed more cautiously with development as uncertainty following the country’s vote to leave the European Union hit the value of its portfolio of retail and office property in the first half.

* SPEEDY HIRE: Industrial equipment rental company Speedy Hire Plc said it sees full-year results ahead of its expectations as cost-cutting measures and asset disposals boosted first-half profit.

* ICAP: ICAP Plc, which matches buyers and sellers of bonds, swaps and currencies, said first-half trading pretax profit fell 7 percent, hurt mainly by a rise in net finance costs.

* MORRISONS: British supermarket Morrisons has further developed its wholesale relationship with Amazon, launching a store pick service for the online retailer’s customers, it said on Wednesday.

* ROLLS-ROYCE: Rolls-Royce, the British jet engine maker, said it would deliver costs savings at the top end of its 150 million pounds ($187 million) to 200 million pounds target as it restructures to become more efficient.

* BARRATT: Britain’s biggest housebuilder by volume Barratt said it was on track to deliver a key financial target this year although a cooling market in London meant it was having to look again at some prices.

* FENNER: British engineering company Fenner Plc reported better-than-expected full-year revenue helped by a weak sterling.

* PRUDENTIAL: Insurer Prudential Plc reported a 19 percent rise in new business profit for the first nine months of the year, driven mainly by strong performance at its Asian business.

* BP: BP PLC said on Tuesday it will use a new digital solution by General Electric Co designed to improve the efficiency and safety of its offshore oil platforms by predicting equipment breakdowns before they occur.

* ANTOFAGASTA: Chilean miner Antofagasta Plc’s Chief Executive Officer Ivan Arriagada said on Wednesday he expects the global copper market to be in a “slight” surplus in 2017 before demand starts to outpace supply.

* BHP BILLITON: BHP Billiton will run its iron ore mines full speed through the end of the year rather than follow rival Rio Tinto in suspending some operations in Australia over Christmas amid a surge in global prices for the commodity, the company said on Wednesday.

* HSBC: EU antitrust regulators are set to fine Europe’s biggest bank HSBC , JPMorgan and Credit Agricole by the end of the year for rigging financial benchmarks linked to the euro, two people familiar with the matter said on Tuesday.

* GLENCORE: Congo state miner Gecamines signed over its royalty rights at one of the country’s largest copper mines in January last year to an offshore company owned by Israeli billionaire Dan Gertler, according to a copy of the contract obtained by Global Witness and reviewed by Reuters. Glencore Plc is Kamoto Copper Co project’s majority shareholder.

* UK HOUSING: Britain built the largest number of new homes since the global financial crisis during the year to the end of March, annual figures showed on Tuesday, as the economy picked up and the government took steps to tackle Britain’s housing shortage.

* BREXIT: Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state’s central bank.

* 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 Esha Vaish in Bengaluru; Editing by Sunil Nair)

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