May 17, 2017 / 6:43 AM / a year ago

UPDATE 1-UK Stocks-Factors to watch on May 17

(Adds company news, futures)

May 17 (Reuters) - Britain’s FTSE 100 index is seen opening 24 points lower on Wednesday, according to financial bookmakers, with futures down 0.25 percent ahead of the cash market open.

* STANDARD LIFE: Insurer and asset manager Standard Life is likely to choose Dublin as the base for its European Union subsidiary after Britain leaves the bloc, its chairman said.

* FOXTONS: London-focussed estate agent Foxtons said on Wednesday that its first quarter revenue slumped 25 percent as sales commissions almost halved, the latest slump in performance from the firm which once symbolised the capital’s property boom.

* DOLPHIN: British wealth manager Brewin Dolphin on Wednesday posted a 6.8 percent rise in first-half funds under management to 37.8 billion pounds ($48.89 billion), boosted by market gains and net inflows.

* LLOYDS: Britain is set to sell its remaining stake in Lloyds Banking Group on Wednesday, making the lender the first to re-emerge from British state ownership in a symbolic step for the country’s recovering banking sector.

* VODAFONE: Vodafone Chief Executive Vittorio Colao said he was optimistic Britain would secure a Brexit deal that works for both sides because there was so much at stake for over 500 million European citizens.

* TATA STEEL/PENSION: India’s Tata Steel has agreed the main terms of a deal to cut benefits for its British pension scheme in a move that will see the firm back a new plan that will pose less risk to the company.

* BRITAIN PROPERTY: The amount of empty office space in London has jumped over the past 15 months and is likely to rise again despite potential for a post-Brexit business exodus that could drive down rental values, a survey showed on Wednesday.

* MINERS: Major mining companies, including some of the world’s biggest suppliers of fossil fuel, are seeking to use more renewable energy themselves as they strive to drive down costs and curb emissions.

* The UK blue chip index ended up 0.9 percent on Tuesday, with telecoms stocks and consumer staples providing the impetus, while energy stocks supported gains as the price of crude rose.

* 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 Rahul B in Bengaluru)

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