Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UPDATE 1-UK Stocks-Factors to watch on June 8

Published 08/06/2016, 04:27 pm
Updated 08/06/2016, 04:30 pm
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on June 8
UK100
-
BATS
-
DB1Gn
-
VOD
-
TSCO
-
RIO
-
SAB
-
GSK
-
LSEG
-
SBRY
-
JNJ
-
RIO
-
HG
-
UK100
-
CL
-
KIPA
-
RMBA
-
CMCX
-

(Adds futures, company news items)

June 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down by 14 points, or 0.2 percent, on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.1 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on The UK blue chip index closed up 0.2 percent on Tuesday at 6,284.53, chalking up its third straight day of gains, as a rise in oil and energy shares offset weaker mining stocks. VODAFONE: Sky Network Ltd SKT.NZ on Wednesday said it is in discussions with Vodafone Group Plc VOD.L about a possible merger of their New Zealand businesses. RIO TINTO: Resources giant Rio Tinto RIO.L RIO.AX has released a cash tender offer to purchase $3 billion of debt in its second major buyback in as many months. GSK: An experimental drug for rheumatoid arthritis developed by Johnson & Johnson (NYSE:JNJ) JNJ.N and GlaxoSmithKline GSK.L slowed joint damage and improved symptoms of the disease, meeting the main goals of a large, late stage trial, according to data released on Tuesday. BAT: Indonesian cigarette maker PT Bentoel Internasional Investama Tbk RMBA.JK is set to raise nearly 14 trillion rupiah ($1.1 billion) after pricing its planned rights issue at 480 rupiah per share. Bentoel was 85.6 percent-owned by British American Tobacco PLC BATS.L as of December 2015, according to Thomson Reuters data. TESCO: Britain's biggest retailer Tesco Plc TSCO.L is likely to announce this week a sale of its Turkish unit Kipa KIPA.IS and British restaurant chain Giraffe, Sky News reported on Tuesday. SABMILLER: Moody's changes its review of SABMiller's SAB.L A3 rating to review for downgrade, from direction uncertain. SAINSBURY'S: Sainsbury's SBRY.L , Britain's second biggest supermarket, on Wednesday reported a drop in quarterly underlying sales and cautioned that market conditions remained challenging. LSE: Deutsche Boerse DB1Gn.DE employees have sharply criticised the terms of a $30 billion merger agreed between the German exchange operator and the London Stock Exchange LSE.L , urging that a planned holding company be based in Frankfurt. CMC MARKETS: British financial spreadbetting firm CMC Markets Plc CMCX.L reported a jump in full-year pretax profit as its clients traded more during heightened market volatility. BREXIT: Public support for the European Union has fallen sharply in its biggest member states over the past year, a survey showed on Tuesday, weeks before Britons vote on whether to leave the 28-nation bloc. BREXIT: Prime Minister David Cameron accused those campaigning for Britain to leave the European Union of lying, saying on Tuesday he had to challenge their views after watching TV news bulletins. OIL: Oil prices rose for a third day to their highest in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in U.S. crude inventories, worries about attacks on Nigeria's oil industry and strong Chinese demand. COPPER: London copper was mired near its lowest in a fortnight on Wednesday after hefty stock builds in Asian warehouses underlined the tepid state of Chinese demand, with focus also turning to trade data later in the session. UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.