Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

UK Stocks-Factors to watch on Jan 8

Published 08/01/2016, 05:22 pm
Updated 08/01/2016, 05:30 pm
© Reuters.  UK Stocks-Factors to watch on Jan 8

Jan 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 1 point, or 0.01 percent on Friday, according to financial bookmakers. For more on the factors affecting European stocks, please click on The commodity-heavy FTSE 100 .FTSE hit a three-week low and closed down 119.30 points, or 2 percent at 5,954.08 on Thursday, to wipe 33 billion pounds off the index's market capitalisation, after China allowed its currency to weaken faster than before, rocking global markets and sending commodity shares to their lowest levels for about a decade. STANDARD CHARTERED: Standard Chartered Plc STAN.L 2888.HK said Deputy Chief Executive Mike Reese will step down from his role on April 30 and leave by year end, the latest veteran to leave the emerging markets-focused bank. MARKS & SPENCER CEO: Marc Bolland will step down as the boss of retailer Marks & Spencer MKS.L in April, bringing an end to a turbulent tenure in which he modernised the 132-year-old British institution but failed to bring its clothing back into fashion. Bolland, who has been chief executive for six years, will be succeeded by company veteran Steve Rowe in arguably the most prestigious - and high-profile - job in British retail. SHELL-BG DEAL: Royal Dutch Shell RDSa.L has told investors its purchase of BG Group Plc BG.L can work even if oil prices average $50 a barrel for two years, its lowest estimate to date as it seeks to secure shareholder support for the $51 billion deal amid plunging crude markets. BHP BILLITON: Tailings released from the dam burst at a Brazilian iron ore mine that killed 17 people were much less than some early estimates, the operator of the mine has confirmed, co-owner BHP Billiton BHP.AX BLT.L said on Friday. BLACKSTONE: Blackstone (N:BX) Group BX.N is planning to bring its multi-manager hedge fund platform Senfina Advisors to Britain, three sources with direct knowledge of the move told Reuters. TESCO: Britain's biggest supermarket Tesco TSCO.L said it will introduce a delivery charge for "click and collect" orders under 30 pounds ($43.75), in a move it said will ensure the service remains sustainable. ZINC ANTITRUST/GLENCORE: A U.S. judge on Thursday dismissed an antitrust lawsuit in which zinc purchasers accused affiliates of Goldman Sachs Group Inc (N:GS) GS.N , JPMorgan Chase & Co (N:JPM) JPM.N and Glencore Plc GLEN.L of conspiring to drive up the metal's price. BRITAIN EU: Hungary's prime minister said on Thursday he believed central European countries could reach a deal on Britain's demand to curb benefits for migrant workers from EU countries in a bid to persuade Britons to stay in the European Union. BRITAIN EMPLOYMENT: Salaries for people starting permanent jobs in Britain rose at the weakest pace in over two years in December, further clouding the outlook for the kind of wage growth needed to fuel Britain's economic recovery, a survey showed. BRITAIN ECONOMY: British finance minister George Osborne warned on Thursday that the economy faced a "dangerous cocktail" of threats from abroad and he urged against complacency after two years of solid growth. BRITAIN REGISTRATIONS: Europe's second biggest auto market Britain recorded its highest ever car sales in 2015, but the continent will likely need a continued recovery in southern European markets to drive growth this year, industry experts said on Thursday. BRITAIN PENSION: Most British savers retiring between July and September last year fully cashed out their pension pots after rule changes, the financial markets regulator said, feeding concern they are not seeking financial advice. COPPER: London copper sank to near its weakest since mid-2009 on Friday after an equity rout this week jangled nerves over Beijing's ability to revive its shuddering economy, casting a pall over the demand outlook from the world's top user of metals. Three-month copper on the London Metal Exchange CMCU3 had dropped 0.35 percent to $4,508 a tonne by 0620 GMT. UK CORPORATE DIARY:

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

APC Technology Group

APCL.L

Full Year 2015 PLC

Earnings Release Spire Healthcare Group SPI.L

Post-Close Trading Plc

Statement

TODAY'S 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.