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UK Stocks-Factors to watch on June 21

Published 21/06/2017, 03:57 pm
© Reuters. UK Stocks-Factors to watch on June 21

June 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 20 points lower on Wednesday, according to financial bookmakers.

* COAL & ALLIED: Rio Tinto RIO.L , RIO.AX selected Yancoal YAL.AX on Tuesday to buy its Coal & Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore , GLEN.L which had put in a higher bid.

* BARCLAYS: Barclays BARC.L and four former top executives were charged with fraud on Tuesday over undisclosed payments to Qatari investors as part of a 12 billion pound ($15 billion) emergency fundraising during the financial crisis in 2008. AVIVA: Aviva AV.L , Britain's biggest life insurer, is selling about 1 billion pounds ($1.3 billion) worth of bonds and shares it holds in tobacco companies, joining a global campaign to divest from the industry. GEMFIELDS: Pallinghurst Resources Ltd PGLJ.J said on Tuesday it lowered the minimum number of acceptances from shareholders of Gemfields Plc GEM.L on its takeover offer, after China's Fosun International 0656.HK raised its offer for the gemstone company. IP GROUP: IP Group IPO.L said on Tuesday it made an offer of about 466 million pounds ($587 million) for rival intellectual property business company Touchstone Innovations Plc IVO.L , about a month after its earlier bid was rejected. PROVIDENT FINANCIAL: British subprime lender Provident Financial Plc PFG.L said on Tuesday it expected operational disruption from the reorganisation of its home credit division to weigh on profit for the rest of the financial year as reduced agent effectiveness bit into revenue. BELGIUM: Belgian counter-terrorism police are investigating the motives of a suspected suicide bomber shot dead by troops guarding a Brussels railway station after he set off explosives that failed to injure anyone. BREXIT: Lawmakers in British Prime Minister Theresa May's Conservative party believe they can stop Britain leaving the European Union without a deal if such a situation should arise, news media reported on Tuesday. BREXIT: British Prime Minister Theresa May said on Tuesday that her government was committed to leaving the European Union and would listen to others' views while delivering a Brexit that commanded "maximum public support". GOLD: Gold inched up on Wednesday after hitting its lowest in five weeks in the previous session, buoyed as equities fell and the U.S. dollar eased from one-month highs following a tumble in crude oil prices. OIL: Oil prices dipped on Wednesday, trading around multi-month lows as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut global output. The UK blue chip index, the worst-performing major benchmark in Europe this year, closed down 0.7 percent on Tuesday, hit by its heavy weighting in commodities stocks. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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* UK CORPORATE DIARY:

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HRN.L

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