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UPDATE 1-UK Stocks-Factors to watch on June 14

Published 14/06/2017, 04:44 pm
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on June 14
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June 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 point lower on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.1 percent ahead of the cash market open.

* BRITISH AMERICAN TOBACCO: British American Tobacco BATS.L said on Wednesday it continued to perform "very well" and was trading in line with its expectations. BELLWAY: British housebuilder Bellway BWY.L said demand for its homes did not slow in the run-up to a June 8 national election, bucking a trend which generally sees some buyers put off purchases ahead of the uncertainty of a vote. STANDARD CHARTERED: Standard Chartered STAN.L aims to expand its U.S. presence with a local hiring push and by bolstering its team in the country with senior staff from its main regions of Asia, the Middle East and Africa, its top bankers said. BHP: Activist shareholder Elliott Management called on BHP BLT.L BHP.AX on Wednesday to "upgrade" its board of directors as the mining giant prepares to select a new chairman this week. RYANAIR: European low-cost airline Ryanair RYA.I is in talks with Boeing (NYSE:BA) BA.N about placing an order for its proposed new 737 MAX 10 airliner, two people familiar with the matter said on Tuesday. ELECTION-BREXIT: Britain entered a sixth day of political limbo on Wednesday with Prime Minister Theresa May yet to seal a deal to prop up her minority government and facing calls to soften her stance on Brexit days before negotiations on leaving the EU begin. EU-MARKETS/CLEARING: The European Union plans to give itself powers to move euro clearing business away from London's financial sector to the EU after Brexit and adopt a model closer to that operated by the United States, the bloc's executive said on Tuesday. ELECTION-BREXIT: British Prime Minister Theresa May should consult with the opposition Labour Party and others on her Brexit strategy, David Cameron, May's predecessor, said on Tuesday, according to the Financial Times. OIL: Oil prices settled higher on Tuesday after OPEC detailed supply cuts around the world, but the cartel also said overall production rose in May, and crude stayed well below $50 a barrel despite the modest recovery. GOLD: Gold turned slightly higher on Tuesday, as the market awaited signals of future monetary tightening by the U.S. Federal Reserve and a Senate panel's questioning of Attorney General Jeff Sessions about his dealings with Russian officials. The UK blue chip index closed 0.15 percent lower at 7,500.44 points on Tuesday, as investors continued to sift through the fall-out from Britain's election. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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