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UK Stocks-Factors to watch on June 8

Published 08/06/2016, 03:48 pm
Updated 08/06/2016, 03:50 pm
© Reuters.  UK Stocks-Factors to watch on June 8
UK100
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BATS
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TSCO
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RIO
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SAB
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GSK
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SBRY
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WKP
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JNJ
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HG
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CL
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GBGP
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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. 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. 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. 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 CORPORATE DIARY:

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