🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

UPDATE 1-UK Stocks-FTSE seen opening lower on March 21

Published 21/03/2016, 06:39 pm
© Reuters.  UPDATE 1-UK Stocks-FTSE seen opening lower on March 21
UK100
-
BARC
-
BP
-
DB1Gn
-
RIO
-
HOME
-
LSEG
-
STAN
-
SBRY
-
RIO
-
HG
-
UK100
-
SYNTS
-

(Adds futures, company news item)

March 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 31 points, or 0.5 percent lower on Monday, according to financial bookmakers, with futures FFIc1 down 0.51 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on The UK blue chip index closed 0.19 percent lower on Friday at 6,189.64 points, consolidating a week in which shares have closed in on their 2016 highs, although commodity stocks paused after a strong run. BP: Energy giant BP BP.L has struck a deal with a local power company in China for the largest carbon permit buyback contract in the short history of the country's nascent carbon market. STANDARD CHARTERED: Shares in Standard Chartered Plc STAN.L are set to start 8 percent higher on Monday, tracking a similar spike in London on Friday. HOME RETAIL: Sainsbury's SBRY.L , Britain's No. 2 supermarket, was given a clear run to buy Argos-owner Home Retail HOME.L for 1.4 billion pounds ($2 billion) after rival suitor, South Africa's Steinhoff International, withdrew from the race on Friday. RIO TINTO: Top investors in Rio Tinto RIO.L RIO.AX say they want the global miner's new boss to proceed cautiously on acquisitions, focusing on the core, cash-generating iron ore business and on developing his own copper mines before looking for new assets. SYNTHOMER: Specialty chemicals maker SYNTS.L said it would buy U.S.-based HEXION Performance Adhesives & Coatings for $226 million, to grow its presence in the United States and Asia. BARCLAYS: Barclays PLC BARC.L has come under attack from a long-term shareholder, Django Davidson, for deciding to sell its African business and rebuild its investment bank, the Times reported. (http://thetim.es/1Plgc4I)

* LONDON STOCK EXCHANGE/DEUTSCHE BOERSE: Some shareholders of London Stock Exchange Group Plc LSE.L are telling management they're getting shortchanged by Deutsche Boerse AG's DB1Gn.DE all-share acquisition agreement, Bloomberg reported on Saturday. BREXIT: A British vote to leave the European Union could cost the economy 100 billion pounds ($145 billion) and 950,000 jobs by 2020, according to research commissioned by employers' group the Confederation of British Industry (CBI). UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

: visit http://topnews.session.rservices.com

* BridgeStation: view story .134 For more information on Top News visit http://topnews.reuters.com

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.